<SEC-DOCUMENT>0001193125-15-313679.txt : 20150908
<SEC-HEADER>0001193125-15-313679.hdr.sgml : 20150907
<ACCEPTANCE-DATETIME>20150908083100
ACCESSION NUMBER:		0001193125-15-313679
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20150904
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150908
DATE AS OF CHANGE:		20150908

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPUR SEALY INTERNATIONAL, INC.
		CENTRAL INDEX KEY:			0001206264
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				331022198
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31922
		FILM NUMBER:		151095491

	BUSINESS ADDRESS:	
		STREET 1:		1000 TEMPUR WAY
		CITY:			LEXINGTON
		STATE:			KY
		ZIP:			40511
		BUSINESS PHONE:		800-878-8889

	MAIL ADDRESS:	
		STREET 1:		1000 TEMPUR WAY
		CITY:			LEXINGTON
		STATE:			KY
		ZIP:			40511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEMPUR PEDIC INTERNATIONAL INC
		DATE OF NAME CHANGE:	20031202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TWI HOLDINGS INC
		DATE OF NAME CHANGE:	20021119
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d37233d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, DC 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT
TO SECTION 13 OR 15(D) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported): September&nbsp;4, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>TEMPUR SEALY INTERNATIONAL, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-31922</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>33-1022198</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1000 Tempur Way </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Lexington, Kentucky 40511 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(800) 878-8889 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>N/A </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or
former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>INTRODUCTORY COMMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Throughout this Current Report on Form 8-K, the terms &#147;we,&#148; &#147;us,&#148; &#147;our&#148; and &#147;Company&#148; refer to Tempur
Sealy International, Inc. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On September&nbsp;4, 2015, the Board of Directors (the &#147;Board&#148;) of Tempur
Sealy International, Inc. (the &#147;Company&#148;) appointed Mr.&nbsp;Scott L. Thompson as the Chairman, Chief Executive Officer and President of the Company, effective September&nbsp;8, 2015. In addition, effective September&nbsp;4, 2015 the Board
appointed Mr.&nbsp;Thompson to the Board, and named Mr.&nbsp;Frank Doyle, currently Chairman of the Board, to the newly-established position as the Lead Director, effective September&nbsp;8, 2015. Mr.&nbsp;W. Timothy Yaggi, who was acting as interim
Chief Executive Officer, will resume his position as Executive Vice President and Chief Operating Officer, effective September&nbsp;8, 2015. A copy of the Company&#146;s press release announcing the appointment is attached hereto as Exhibit 99.1 and
is incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Scott Thompson </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Scott Thompson, age 56, previously served as Chief Executive Officer and President of Dollar Thrifty Automotive Group, Inc. until it was
purchased by Hertz Global Holdings, Inc. in 2012. Prior to serving as CEO and President, Mr.&nbsp;Thompson was a Senior Executive Vice President and Chief Financial Officer of Dollar Thrifty. Prior to joining Dollar Thrifty in 2008,
Mr.&nbsp;Thompson was a consultant to private equity firms, and was a founder of Group 1 Automotive, Inc., a NYSE and Fortune 500 company, serving as its Senior Executive Vice President, Chief Financial Officer and Treasurer. Mr.&nbsp;Thompson
presently serves as a member of the Board of Directors for Asbury Automotive Group, Inc., Houston Wire and Cable Co. and Conn&#146;s, Inc. Mr.&nbsp;Thompson earned a Bachelor of Business Administration degree from Stephen F. Austin State University
in Nacogdoches, Texas, and began his career with a national accounting firm. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Entry Into Certain Agreements </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the hiring of Mr.&nbsp;Thompson the Company and Mr.&nbsp;Thompson entered into several agreements as described below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Employment Agreement. </I>On September&nbsp;4, 2015, the Company entered into an Employment and Non-Competition Agreement with
Mr.&nbsp;Thompson (the &#147;Employment Agreement&#148;) to reflect his appointment as Chairman, Chief Executive Officer and President. The Employment Agreement provides for Mr.&nbsp;Thompson&#146;s employment during the transition period between
September&nbsp;4, 2015 and </P>

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September&nbsp;7, 2015 and thereafter as Chief Executive Officer and President. The Employment Agreement also provides for the appointment now of Mr.&nbsp;Thompson to the Board and election as
Chairman, and that he will be nominated for re-election by the stockholders as a director at any stockholder meeting at which directors are elected, and if re-elected the Board will elect him Chairman. The Employment Agreement has an initial term
until December&nbsp;31, 2018 and a perpetual one-year renewal term. Either party may elect not to renew the Employment Agreement, upon written notice, 120 days prior to the expiration of the initial or renewal term. The Employment Agreement
currently provides for an annual base salary of $1,100,000, subject to annual adjustment by the Board or its Compensation Committee, and a prorated bonus for 2015 in the amount of $458,000, and thereafter a variable performance bonus set to a target
of 125% of Mr.&nbsp;Thompson&#146;s base salary if certain criteria are met as established by the Company&#146;s Compensation Committee. The Employment Agreement also provides for a cash signing bonus of $1.6 million, payable by September&nbsp;15,
2015. The Employment Agreement also provides for a number of equity grants as described below, and that the Company anticipates that in 2017 Mr.&nbsp;Thompson will be considered for future equity awards in accordance with the Company&#146;s normal
executive compensation practices. The Company does not expect Mr.&nbsp;Thompson to receive additional equity grants prior to 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the
event Mr.&nbsp;Thompson&#146;s employment is terminated without Cause (as defined in the Employment Agreement) by the Company or for Good Reason (as defined in the Employment Agreement) by Mr.&nbsp;Thompson, then Mr.&nbsp;Thompson is entitled to
receive any earned and unpaid portion of his base salary and the value of any unused vacation, continued payment of his base salary for two years, continuation of welfare benefits for two years, any bonus payable with respect to any prior year and a
pro rata portion of the bonus for the year of termination to the extent earned. Upon his death or disability, Mr.&nbsp;Thompson is entitled to receive any earned and unpaid portion of his base salary and the value of any unused vacation, earned
performance bonus and a pro rata portion of the bonus for the year of termination to the extent earned. In addition, Mr.&nbsp;Thompson agreed not to compete with the Company during his employment with the Company and for two years following his
termination of employment and not to solicit any employees of the Company for two years after the termination of employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Stock
Option Grant</I>.<I> On</I> September&nbsp;4, 2015, the Company granted to Mr.&nbsp;Thompson an option award for three hundred and ten thousand (310,000)&nbsp;shares of the Company&#146;s common stock, $0.01 par value per share (the &#147;Common
Stock&#148;), at an exercise price of $71.75 (representing the closing price of the Common Stock on the New York Stock Exchange (&#147;NYSE&#148;) on September&nbsp;4, 2015) vesting in three equal annual installments starting on the first
anniversary date of his employment, and subject to accelerated vesting and forfeiture under certain circumstances set forth in the Stock Option Agreement (&#147;Option Agreement&#148;) entered into by the Company with Mr.&nbsp;Thompson to reflect
the terms of this grant. In addition, if a change of control of the Company occurs and Mr.&nbsp;Thompson&#146;s employment is terminated but not for Cause or if Mr.&nbsp;Thompson resigns for Good Reason within twelve (12)&nbsp;months after the
occurrence of a change of control, all outstanding options will accelerate and vest as of the date of his termination of employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Base RSUS</I>. On September&nbsp;4, 2015, the Company entered into a Restricted Stock Unit Agreement (&#147;Base RSU Agreement&#148;)
providing for the grant of 118,000 restricted stock units (&#147;RSUs&#148;) that vest over three years, subject to accelerated vesting and forfeiture under certain circumstances set forth in the Base RSU Agreement. The RSUs will not become payable
until Mr.&nbsp;Thompson&#146;s employment is terminated. In addition, if a change of control of the Company occurs and Mr.&nbsp;Thompson&#146;s employment is terminated but not for Cause or if Mr.&nbsp;Thompson resigns for Good Reason within twelve
(12)&nbsp;months after the occurrence of a change of control, all outstanding RSUs will accelerate and vest as of the date of his termination of employment. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Subscription Agreement.</I> On September&nbsp;4, 2015, Mr.&nbsp;Thompson and the Company
entered into a Subscription Agreement pursuant to which Mr.&nbsp;Thompson agreed to purchase and the Company agreed to sell, 69,686 shares of Common Stock (the &#147;Purchased Shares&#148;) for a price of $71.75 per share (the closing price on the
NYSE on September&nbsp;4, 2015) and a total price of $4,999,970.50, payable in cash at closing. The closing of this purchase is subject to completion of the NYSE listing process and is expected to close in September. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Matching PRSUs</I>. On September&nbsp;4, 2015, the Company entered into a Matching Performance Restricted Stock Unit Agreement
(&#147;Matching PRSU Agreement&#148;) pursuant to which the Company granted Mr.&nbsp;Thompson Performance Restricted Stock Units (&#147;Matching PRSUs&#148;) for 69,686 shares of Common Stock. The Matching PRSUs vest over three years, subject to
accelerated vesting and forfeiture under certain circumstances set forth in the Matching PRSU Agreement, and are subject to a performance requirement for purposes of Section&nbsp;162(m) of the Internal Revenue Code of 1986 (the &#147;Code&#148;) of
having positive Adjusted EBITDA (as defined in the Matching PRSU Agreement) for 2016. Under the terms of the Matching PRSU Agreement, in the event Mr.&nbsp;Thompson sells any of the Purchased Shares acquired pursuant to the Subscription Agreement
within the next 3 years, all remaining unused Matching PRSUs will be forfeited. In addition, if a change of control of the Company occurs and Mr.&nbsp;Thompson&#146;s employment is terminated but not for Cause or if Mr.&nbsp;Thompson resigns for
Good Reason within twelve (12)&nbsp;months after the occurrence of a change of control, all outstanding Matching PRSUs will accelerate and vest as of the date of his termination of employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Project 650 PRSUs</I>. On September&nbsp;4, 2015, the Company and Mr.&nbsp;Thompson entered into a 2015 Performance Restricted Stock Unit
Agreement (&#147;Project 650 PRSU Agreement&#148;) pursuant to which the Company granted 620,000 Performance Restricted Stock Units (&#147;Project 650 PRSUs&#148;). All of the Project 650 PRSUs will vest in full if the Company achieves Adjusted
EBITDA (as defined in the Project 650 PRSU Agreement) for 2017 greater than $650 million. In addition, if this target is not met in 2017 but the Company achieves more than $650 million in Adjusted EBITDA for 2018, then one-third, or 206,667, of the
Project 650 PRSUs will vest, and the remaining Project 650 PRSUS shall be forfeited. If the Company does not achieve more than $650 million of Adjusted EBITDA in either 2017 or 2018, then all of the Project 650 PRSUs will be forfeited. In addition,
If Mr.&nbsp;Thompson&#146;s employment with the Company terminates for any reason prior to December&nbsp;31, 2017, all of the Project 650 PRSUs will be forfeited. In addition, if a change of control occurs prior to December&nbsp;31, 2017, all of the
Project 650 PRSUs will be converted into time-based restricted stock units vesting on December&nbsp;31, 2018, subject to accelerated vesting and forfeiture in certain circumstances set forth in the Project 650 PRSU Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing is a summary of certain provisions of these agreements, and this summary is qualified in its entirety by reference to the forms
of agreements attached as Exhibits 10.1 to 10.6 of this Form 8-K. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On September&nbsp;8, 2015, Tempur Sealy International Inc.
issued a press release with respect to the appointment of Scott Thompson as its Chairman, Chief Executive Officer and President. A copy of this press release is furnished as Exhibit 99.1 to this current report on Form 8-K and is incorporated by
reference herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information in this report (including Exhibit 99.1) shall not be deemed to be &#147;filed&#148; for purposes of
Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document
filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. </P>

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<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) Exhibits </P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:23.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:37.25pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Description</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Employment and Non-Competition Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Stock Option Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Base PRSU Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Matching PRSU Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Project 650 PRSU Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Subscription Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release of the Company, dated September 8, 2015, titled &#147;Scott L. Thompson Named Chairman, President and Chief Executive Officer of Tempur Sealy&#148;.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: September&nbsp;8, 2015</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" COLSPAN="3">Tempur Sealy International, Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Lou H. Jones</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Lou H. Jones</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Executive Vice President, General Counsel and Secretary</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:23.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:37.25pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Description</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Employment and Non-Competition Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Stock Option Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Base PRSU Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Matching PRSU Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Project 650 PRSU Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Subscription Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release of the Company, dated September 8, 2015, titled &#147;Scott L. Thompson Named Chairman, President and Chief Executive Officer of Tempur Sealy&#148;.</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d37233dex101.htm
<DESCRIPTION>EX-10-1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10-1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AND NON-COMPETITION AGREEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Scott Thompson) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS
EMPLOYMENT AND NON-COMPETITION AGREEMENT (the &#147;<U>Agreement</U>&#148;) is executed as of this 4th day of September, 2015 (referred to as the &#147;<U>Effective Date</U>&#148; or the &#147;<U>Date of</U> <U>Hire</U>&#148;), by and between Tempur
Sealy International Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), and Scott Thompson, an individual (&#147;<U>Employee</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In consideration of the mutual agreements and covenants contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the Company and Employee, it is hereby agreed as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.1 <U>Term of
Employment</U>. Effective as of the Date of Hire, the Company agrees to employ Employee as an employee of the Company and as the Chairman, Chief Executive Officer and President of the Company as further set forth in Section&nbsp;1.2, and Employee
accepts employment by the Company, for the period commencing on the Date of Hire and ending on December&nbsp;31, 2018 (the &#147;<U>Initial Term</U>&#148;), subject to earlier termination as set forth in Article III below. Unless earlier terminated
in accordance with Article III, following the expiration of the Initial Term, this Agreement shall be automatically renewed for successive one-year periods (collectively, the &#147;<U>Renewal Terms</U>&#148;; individually, a &#147;<U>Renewal
Term</U>&#148;) unless, at least one hundred and twenty (120)&nbsp;days prior to the expiration of the Initial Term or the then current Renewal Term, either party provides the other party with a written notice of intention not to renew, in which
case the Employee&#146;s employment with the Company, and the Company&#146;s obligations hereunder, shall terminate as of the end of the Initial Term or said Renewal Term, as applicable. Except as otherwise expressly provided herein, the terms and
conditions of this Agreement during any Renewal Term shall be the same as the terms in effect immediately prior to such renewal, subject to any such changes or modifications as mutually may be agreed between the parties as evidenced in a written
instrument signed by both the Company and Employee. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.2 <U>Position and Duties</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) From the Date of Hire through September&nbsp;7, 2015 (the &#147;<U>Transition Period</U>&#148;), Employee shall be employed as an employee
of the Company. In his capacity as an employee, Employee shall be subject to the authority of, and shall report to, the Company&#146;s Board of Directors. During the Transition Period, Employee shall be engaged in transition activities with respect
to the assumption of the Chairman, Chief Executive Officer and President positions. On the Effective Date the Employee shall be appointed to the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Effective on the day after the Transition Period, Employee shall be employed in the position of Chief Executive Officer and President. In
such capacity, Employee shall be subject to the authority of, and shall report to, the Company&#146;s Board of Directors. Employee shall devote Employee&#146;s entire business time, loyalty, attention and energies exclusively to the business
interests of the </P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Company while employed by the Company, and shall perform his duties and responsibilities diligently and to the best of his ability. Effective on the day after the Transition Period, Employee
shall be elected by the Board of Directors as Chairman. In addition, the Company shall nominate Employee to serve as a director in connection with any annual or special meeting of stockholders at which stockholders will vote on the election of
directors and, if elected as a director, the Board will elect Employee as Chairman. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Company may choose to have Employee be
classified as an employee of a subsidiary of the Company consistent with other members of management, and such treatment will be treated for purposes of this Agreement as employment by the Company, and will not relieve the Company of any of its
obligations under this Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE II </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMPENSATION AND OTHER BENEFITS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.1 <U>Base Salary</U>. The Company shall pay Employee an annual salary of $1,100,000 (&#147;<U>Base Salary</U>&#148;), payable in accordance
with the normal payroll practices of the Company. Employee&#146;s Base Salary will be reviewed and be subject to adjustment by the Board of Directors or its Compensation Committee at their discretion each fiscal year in accordance with the
Company&#146;s annual review policy, commencing with the fiscal year 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.2 <U>Bonuses</U>. (a)&nbsp;Employee will be eligible to earn
an annual performance-based bonus based on a formula approved by the Company&#146;s Board of Directors or its Compensation Committee and incorporated herein by this reference for the full or <U>pro</U> <U>rata</U> portion of any fiscal year after
2015 during which Employee is employed by the Company (a &#147;<U>Bonus Year</U>&#148;), the terms and conditions of which, as well as Employee&#146;s entitlement thereto, shall be determined annually in the sole discretion of the Company&#146;s
Board of Directors or its Compensation Committee (the &#147;<U>Performance Bonus</U>&#148;). The amount of the Performance Bonus will vary based on the <U>pro</U> <U>rata</U> portion or full portion of the applicable Bonus Year during which Employee
is employed by the Company and the achievement of individual or Company performance criteria in the formula established by the Company&#146;s Board of Directors or Compensation Committee. The formula will be set to target a Performance Bonus equal
to 125% of Base Salary as of the earlier of the date the Target Bonus terms are approved by the Board and March&nbsp;25 of such year (the &#147;<U>Target Bonus</U>&#148;) if the performance criteria in the formula are met, and the actual bonus
awarded based on the performance criteria may be more or less than the Target Bonus, but not more than 200% of the Target Bonus. Any Performance Bonus due with respect to a Bonus Year will be paid on or before March&nbsp;15 of the following calendar
year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) For 2015, the Company will pay a bonus to Employee in the amount of $458,000 (the &#147;<U>2015 Bonus</U>&#148;), representing
a <U>pro</U> <U>rata</U> portion of 125% of his Base Salary payable for 2015. This 2015 Bonus will be paid on or before March&nbsp;15, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) The Company agrees to pay the Employee a cash signing bonus in the amount of $1.6 million, on or before September&nbsp;15, 2015 (the
&#147;<U>Signing Bonus</U>&#148;). The Employee agrees that if prior to December&nbsp;31, 2017 the Employee voluntarily terminates his employment, but not for Good Reason pursuant to Section&nbsp;3.1(b), then within fifteen (15)&nbsp;days after such
termination he will repay to the Company a <U>pro</U> <U>rata</U> portion of the Signing Bonus, in the amount of $60,000 for each full month remaining in the period between the date of his termination and December&nbsp;31, 2017. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.3 <U>Grants and Purchases of Equity</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) <U>Grant of Stock Options</U>. On the Date of Hire, the Company will grant Employee non-qualified options to purchase 310,000 shares of
the Company&#146;s Common Stock, par value $.01 per share (the &#147;<U>Common Stock</U>&#148;), pursuant to the form of stock option agreement attached as <U>Exhibit A</U> to this Agreement, with the grant price set at the fair market value on the
date of grant and subject to vesting in three equal annual installments (the &#147;<U>2015 Option Agreement</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b)
<U>Subscription</U> <U>Agreement</U>. The Employee and the Company will on the Date of Hire enter into a Subscription Agreement in the form of <U>Exhibit B</U> hereto (the &#147;<U>Subscription Agreement</U>&#148;) pursuant to which the Employee
will agree to purchase, and the Company will agree to sell, 69,686 shares of Common Stock (the &#147;<U>Purchased Shares</U>&#148;) at a price per share of $71.75 (representing the closing price of the Common Stock on the New York Stock Exchange on
the last trading day prior to the date of this Agreement). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) <U>Stock Purchase Matching PRSU Award</U>. As additional consideration
for Employee&#146;s agreement to accept employment with the Company, on the Date of Hire the Company will issue Employee performance restricted stock units (&#147;<U>Matching PRSUs</U>&#148;) representing the total number of shares of the
Company&#146;s Common Stock, par value $.01 per share (&#147;<U>Common Stock</U>&#148;), that Employee commits to purchase pursuant to the Subscription Agreement. The Matching PRSUs will be issued pursuant to a Restricted Stock Unit Agreement in the
form of <U>Exhibit C</U> hereto (the &#147;<U>Matching PRSU Agreement</U>&#148;) and vest over the next three (3)&nbsp;years in annual installments, subject to meeting the performance metric set forth in the Matching PRSU Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) <U>Project 650 Grant</U>. On the Date of Hire, the Company will grant Employee performance restricted stock units for 620,000 shares of
the Company&#146;s Common Stock pursuant to the form of Performance Restricted Stock Unit Agreement attached as <U>Exhibit&nbsp;D</U> to this Agreement (the &#147;<U>Project 650 PRSU Agreement</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(e) On the Date of Hire, the Company will issue Employee restricted stock units (&#147;<U>Base RSUs</U>&#148;) for 118,000 shares of the
Company&#146;s Common Stock pursuant to the Restricted Stock Unit Agreement attached as <U>Exhibit E</U> to this Agreement (the &#147;<U>Base RSU Agreement</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(f) The Company anticipates that commencing in 2017 Employee will be considered for future equity awards in accordance with the
Company&#146;s normal executive compensation practices, but the timing, amount and terms of any such future grants will be subject to the discretion of the Board of Directors or the Compensation Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.4 <U>Benefit Plans</U>. Employee will be eligible to participate in the Company&#146;s retirement plans that are qualified under
Section&nbsp;401(a) of the Internal Revenue Code of 1986, as amended (the &#147;<U>Code</U>&#148;), and in the Company&#146;s employee welfare benefit plans that are generally applicable to all executive employees of the Company (the
&#147;<U>Plans</U>&#148;), in accordance with the terms and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
conditions thereof. A summary of the Company&#146;s Plans applicable to senior executives as currently in effect has been provided to Employee. In any event, the terms and conditions of the
Plans, as expressed in the Plan documents, will control including, but not limited to the Company&#146;s ability to amend, modify or terminate any of those programs as it determines appropriate in accordance with the Plans&#146; terms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.5 <U>Expenses</U>. The Company shall reimburse Employee for all expenses reasonably incurred in the course of the performance of
Employee&#146;s duties and responsibilities pursuant to this Agreement and consistent with the Company&#146;s policies with respect to travel, entertainment and miscellaneous expenses, and the requirements with respect to the reporting of such
expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.6 <U>Financial Planning</U>. Employee shall be eligible to participate in the Company&#146;s executive financial planning
program which provides reimbursement of financial planning expenses to eligible executives in accordance with the terms of the program. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.7 <U>Vacation</U>. Employee shall be entitled to vacation in any calendar year in accordance with the Company&#146;s general vacation
policies for senior executive employees. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.8 <U>Residence and Commuting</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) The Company will reimburse the Employee for reasonable temporary housing costs in Lexington through December&nbsp;31, 2015. Employee
agrees that he will maintain a secondary residence in Lexington, Kentucky commencing on or before December&nbsp;31, 2015. The Employee agrees that he will relocate and establish Lexington, Kentucky as his primary residence by December&nbsp;31, 2017.
The Company agrees to reimburse the Employee for his reasonable relocation costs in accordance with the Company&#146;s relocation policy for senior executives. A copy of the Company&#146;s current policy has been provided to the Employee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) The Employee will be responsible for the cost of commuting between his primary residence and Lexington until he relocates to Lexington as
described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.9 <U>Withholding</U>. All payments to be made by the Company hereunder will be subject to any withholding
requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.10 <U>Application of Policies</U>. Employee acknowledges receipt of copies of the Company&#146;s Policy on Insider
Trading and Confidentiality, Code of Business Conduct and Ethics, Stock Ownership Guidelines and Clawback Policy, and acknowledges that he is subject to the provisions of each such document. Employee further acknowledges and agrees that all amounts
paid hereunder and any equity awards granted pursuant to this Agreement will be subject to the terms of the Clawback Policy, and any amended clawback policy or replacement clawback policy adopted by the Board of Directors from time to time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TERMINATION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.1 <U>Right
to Terminate; Automatic Termination</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) <U>Termination by Company Without Cause</U>. Subject to Section&nbsp;3.2, the Company may
terminate Employee&#146;s employment and all of the Company&#146;s future obligations under this Agreement at any time and for any reason. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) <U>Termination by Employee for Good Reason</U>. Subject to Section&nbsp;3.2, Employee may terminate his employment obligation hereunder
(but not his obligations under Article IV hereof) for &#147;Good Reason&#148; (as hereinafter defined) if Employee gives written notice thereof to the Company within thirty (30)&nbsp;days of the event he deems to constitute Good Reason (which notice
shall specify the grounds upon which such notice is given) and the Company fails, within thirty (30)&nbsp;days of receipt of such notice, to cure or rectify the grounds for such Good Reason termination set forth in such notice. If the Company fails
to cure or rectify the grounds for such Good Reason termination set forth in the notice provided above within thirty (30)&nbsp;days of receipt of such notice, then Employee may terminate his employment under this Section&nbsp;3.1(b) any time within
thirty (30)&nbsp;days following such failure. &#147;<U>Good Reason</U>&#148; shall mean any of the following: (i)&nbsp;relocation of Employee&#146;s principal workplace over sixty (60)&nbsp;miles from the Company&#146;s existing workplaces without
the consent of Employee (which consent shall not be unreasonably withheld, delayed or conditioned), (ii)&nbsp;after the Transition Period, Employee is demoted from the position of Chief Executive Officer or President of the Company, (iii)&nbsp;after
the Transition Period, a material diminution in the Employee&#146;s authority, duties or responsibilities as Chief Executive Officer and President of the Company, (iv)&nbsp;the Company fails to nominate Employee to serve as a director in connection
with any annual or special meeting of stockholders at which stockholders will vote on the election of directors or, if elected as a director, the Board fails to elect the Employee as Chairman, or (v)&nbsp;the Company&#146;s material breach of this
Agreement which is not cured within thirty (30)&nbsp;days after receipt by the Company from Employee of written notice of such breach. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) <U>Termination by Company For Cause</U>. Subject to Section&nbsp;3.2, the Company may terminate Employee&#146;s employment and all of the
Company&#146;s obligations under this Agreement at any time &#147;For Cause&#148; (as defined below) by giving notice to Employee stating the basis for such termination, effective immediately upon giving such notice or at such other time thereafter
as the Company may designate. &#147;<U>For Cause</U>&#148; shall mean any of the following: (i)&nbsp;Employee&#146;s willful and continued failure to substantially perform the reasonably assigned duties with the Company which are consistent with
Employee&#146;s position and job description referred to in this Agreement, other than any such failure resulting from incapacity due to physical or mental illness, after a written notice is delivered to Employee by the Board of Directors of the
Company which specifically identifies the manner in which Employee has not substantially performed the assigned duties and allowing Employee thirty (30)&nbsp;days after receipt by Employee of such notice to cure such failure to perform,
(ii)&nbsp;material breach of this Agreement or any other written agreement between Employee and the Company which is not cured within thirty (30)&nbsp;days after receipt by Employee from the Company of written notice of such breach, (iii)&nbsp;any
material violation of any material written policy of the Company, (iv)&nbsp;Employee&#146;s willful misconduct which is </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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materially and demonstrably injurious to the Company, (v)&nbsp;Employee&#146;s conviction by a court of competent jurisdiction of, or his pleading guilty or nolo contendere to, any felony, or
(vi)&nbsp;Employee&#146;s commission of an act of fraud, embezzlement, or misappropriation against the Company or any breach of fiduciary duty or breach of the duty of loyalty, including, but not limited to, the offer, payment, solicitation or
acceptance of any unlawful bribe or kickback with respect to the Company&#146;s business. For purposes of this paragraph, no act, or failure to act, on Employee&#146;s part shall be considered &#147;willful&#148; unless done, or omitted to be done,
in knowing bad faith and without reasonable belief that the action or omission was in, or not opposed to, the best interests of the Company. Any act, or failure to act expressly authorized by a resolution duly adopted by the Board of Directors or
based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, in good faith and in the best interests of the Company. Notwithstanding the foregoing, Employee shall not be deemed to have
been terminated For Cause unless and until there shall have been delivered to Employee a copy of a resolution, duly adopted by the Board of Directors at a meeting of the Board called and held for such purpose (after reasonable notice to Employee and
an opportunity for Employee, together with Employee&#146;s counsel, to be heard before the Board at a duly called meeting at which a quorum is present), finding that in the good faith opinion of the Board of Directors Employee committed the conduct
set forth above in (i), (ii), (iii), (iv), (v)&nbsp;or (vi)&nbsp;of this Section&nbsp;3.1(c) and specifying the particulars thereof in detail. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) <U>Termination Upon Death or Disability</U>. Subject to Section&nbsp;3.2, Employee&#146;s employment and the Company&#146;s obligations
under this Agreement shall terminate: (i)&nbsp;automatically, effective immediately and without any notice being necessary, upon Employee&#146;s death; and (ii)&nbsp;in the event of the disability of Employee, by the Company giving notice of
termination to Employee. For purposes of this Agreement, &#147;disability&#148; means the inability of Employee, due to a physical or mental impairment, for ninety (90)&nbsp;days (whether or not consecutive) during any period of three hundred sixty
(360)&nbsp;days, to perform, with reasonable accommodation, the essential functions of the work contemplated by this Agreement. In the event of any dispute as to whether Employee is disabled, the matter shall be determined by the Company&#146;s
Board of Directors in consultation with a physician selected by the Company&#146;s health or disability insurer or another physician mutually satisfactory to the Company and Employee. Employee shall cooperate with the efforts to make such
determination or be subject to immediate discharge. Any such determination shall be conclusive and binding on the parties. Any determination of disability under this Section&nbsp;3.1 is not intended to alter any benefits any party may be entitled to
receive under any long-term disability insurance policy carried by either the Company or Employee with respect to Employee, which benefits shall be governed solely by the terms of any such insurance policy. Nothing in this subsection shall be
construed as limiting or altering any of Employee&#146;s rights under State workers compensation laws or State or federal Family and Medical Leave laws. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.2 <U>Rights Upon Termination</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) <U>Section&nbsp;3.1(a) (<I>Termination by the Company Without Cause)</I> and 3.1(b) (<I>Termination by the Employee for Good Reason)
</I>Terminations</U>. If Employee&#146;s employment terminates pursuant to Section&nbsp;3.1(a) or 3.1(b) hereof, Employee shall have no further rights against the Company hereunder, except for the right to receive, subject to execution of a release
and waiver in the form </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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customarily used by the Company in connection with the termination of other similarly situated senior executives (&#147;<U>Release and Waiver</U>&#148;) in the case of clauses (ii) -
(iv)&nbsp;and (vi)&nbsp;below, (i)&nbsp;any earned but unpaid Base Salary and the value of any accrued but unused vacation, (ii)&nbsp;payment of Base Salary for a period of two (2)&nbsp;years from the effective date of termination (the
&#147;<U>Severance Period</U>&#148;), payable in accordance with the normal payroll practices of the Company and reduced by any salary continuation benefit paid under any of the Plans maintained pursuant to Section&nbsp;2.4, (iii)&nbsp;(x) any
previously earned Performance Bonus for a prior Bonus Year that has not been paid, and in the event of any termination after December&nbsp;31, 2015 any 2015 Bonus that has not been paid, and (y)&nbsp;any annual Performance Bonus or 2015 Bonus due
for the calendar year of such termination pursuant to Section&nbsp;2.2, prorated based on the number of days Employee was actively employed by the Company during such year (or in the case of the 2015 Bonus, the period from the Date of Hire through
December&nbsp;31, 2015), payable at the time such Performance Bonus or 2015 Bonus would otherwise be paid in accordance with such Section&nbsp;2.2, (iv)&nbsp;continued participation in the Plans pursuant to Section&nbsp;2.4 for the duration of the
Severance Period to the extent such continued participation is permitted under the terms of the Plans and to the extent such participation is not permitted a cash payment of substantially similar value (without requiring any additional payments to
address the taxability of this payment), (v)&nbsp;reimbursement of expenses to which Employee is otherwise entitled under Sections&nbsp;2.4, 2.5 or 2.8 hereof, and (vi)&nbsp;whatever rights as to stock options or other equity awards the Employee may
have pursuant to the 2015 Option Agreement, the Matching PRSU Agreement, the Project 650 PRSU Agreement or the Base RSU Agreement or any other stock option agreements or other equity award agreements with the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) <U>Section&nbsp;3.1(c) (<I>Termination by Company for Cause</I>) and 3.1(d) (<I>Termination upon Death or Disability</I>) Terminations;
Voluntary Termination by Employee not for Good Reason</U>. If Employee&#146;s employment is terminated pursuant to Sections 3.1(c) or 3.1(d) hereof, or if Employee quits employment (other than for Good Reason) notwithstanding the terms of this
Agreement, Employee or Employee&#146;s estate shall have no further rights against the Company hereunder, except for the right to receive, subject to execution of a Release and Waiver in the case of clauses (iii), (x), (y)&nbsp;and (z)&nbsp;below,
(i)&nbsp;any earned but unpaid Base Salary and the value of any accrued but unused vacation, (ii)&nbsp;reimbursement of expenses to which Employee is entitled under Sections 2.4, 2.5 or 2.8 hereof, and (iii)&nbsp;in the case of a termination
pursuant to Section&nbsp;3.1(d) hereof, (x)&nbsp;any previously earned Performance Bonus for a prior Bonus Year, or any 2015 Bonus, which has not been paid, (y)&nbsp;any annual Performance Bonus or 2015 Bonus due for the calendar year of such
termination pursuant to Section&nbsp;2.2, prorated based on the number of days Employee was actively employed by the Company during such year (or in the case of the 2015 Bonus, the period from the Date of Hire through December&nbsp;31, 2015),
payable at the time the such Performance Bonus or 2015 Bonus would otherwise be paid in accordance with such Section&nbsp;2.2, and (z)&nbsp;whatever rights as to stock options or other equity awards Employee may have pursuant to the 2015 Option
Agreement, the Matching PRSU Agreement, the Project 650 PRSU Agreement, Base RSU Agreement or any other stock option agreements or other equity award agreements with the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) <U>Non-Renewal</U>. In the event that the Company elects not to renew the term of this Agreement as provided in Section&nbsp;1.1, or if
Employee elects not to renew the term of this Agreement as provided in Section&nbsp;1.1, then Employee shall have no </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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further rights against the Company hereunder, except for the right to receive, subject to execution of a Release and Waiver in the case of clauses (iii), (x), (y)&nbsp;and (z)&nbsp;below,
(i)&nbsp;any earned but unpaid Base Salary and the value of any accrued but unused vacation, (ii)&nbsp;reimbursement of expenses to which Employee is entitled under Sections 2.4, 2.5 or 2.8 hereof, and (iii)&nbsp;(x)&nbsp;any previously earned
Performance Bonus for a prior Bonus Year which has not been paid, (y)&nbsp;any annual&nbsp;Performance Bonus due for the calendar year in which the non-renewal occurs, prorated based on the number of days Employee was actively employed by the
Company during such year, payable at the time the such Performance Bonus would otherwise be paid in accordance with such Section&nbsp;2.2, and (z)&nbsp;whatever rights as to stock options or other equity awards Employee may have pursuant to the 2015
Option Agreement, the Matching PRSU Agreement, the Project 650 PRSU Agreement, Base RSU Agreement or any other stock option agreements or other equity award agreements with the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) The Release and Waiver described in Sections 3.2(a), (b)&nbsp;and (c)&nbsp;shall be delivered to Employee on or before the fourteenth (14<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP>)&nbsp;day following separation from employment with the Company. In addition and notwithstanding the foregoing provisions of this Section&nbsp;3.2, if the Release and Waiver described in
Section&nbsp;3.2(a), 3.2(b) or 3.2(c), as applicable, has been delivered to Employee within fourteen (14)&nbsp;days following separation from employment but has not been executed and delivered and become irrevocable on or before the end of the sixty
(60)&nbsp;day period following Employee&#146;s termination of employment with the Company, no severance benefits under Section&nbsp;3.2(a)(ii)-(iv)&nbsp;and (vi)&nbsp;or Section&nbsp;3.2(b)(iii), (x), (y)&nbsp;and (z)&nbsp;or
Section&nbsp;3.2(c)(iii) (x), (y)&nbsp;and (z), as applicable, shall be or become payable. Further, to the extent that (A)&nbsp;such termination of employment occurs within sixth (60)&nbsp;days of the end of any calendar year, and (B)&nbsp;any of
such severance benefits constitute &#147;nonqualified deferred compensation&#148; for purposes of Section&nbsp;409A of the Code, any payment of any amount or provision of any benefit otherwise scheduled to occur prior to the sixtieth (60<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP>)&nbsp;day following the date of Employee&#146;s termination of employment hereunder, but for the condition on executing the severance release as set forth herein, shall be made (or commence being
made) on the later of January&nbsp;15<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> of the next calendar year following termination of employment or the date such release and waiver is delivered and has become irrevocable, after which any
remaining severance benefits shall thereafter be provided to Employee without interest according to the applicable schedule set forth herein. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IV </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIALITY; NON-COMPETITION; NON-SOLICITATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.1 <U>Covenants Regarding Confidential Information, Trade Secrets and Other Matters</U>. Employee covenants and agrees as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) <U>Definitions</U>. For purposes of this Agreement, the following terms are defined as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(1) &#147;<U>Trade Secret</U>&#148; means all information possessed by or developed for the Company or any of its subsidiaries, including,
without limitation, a compilation, program, device, method, system, technique or process, to which all of the following apply: (i)&nbsp;the information derives independent economic value, actual or potential, from not being generally known to, and
</P>
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not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and (ii)&nbsp;the information is the subject of efforts to maintain its
secrecy that are reasonable under the circumstances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(2) &#147;<U>Confidential Information</U>&#148; means information, to the extent it
is not a Trade Secret, which is possessed by or developed for the Company or any of its subsidiaries and which relates to the Company&#146;s or any of its subsidiaries&#146; existing or potential business or technology, which information is
generally not known to the public and which information the Company or any of its subsidiaries seeks to protect from disclosure to its existing or potential competitors or others, including, without limitation, for example: business plans,
strategies, existing or proposed bids, costs, technical developments, existing or proposed research projects, financial or business projections, investments, marketing plans, negotiation strategies, training information and materials, information
generated for client engagements and information stored or developed for use in or with computers. Confidential Information also includes information received by the Company or any of its subsidiaries from others which the Company or any of its
subsidiaries has an obligation to treat as confidential. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) <U>Nondisclosure of Confidential Information</U>. Except as required in the
conduct of the Company&#146;s or any of its subsidiaries&#146; business or as expressly authorized in writing on behalf of the Company or any of its subsidiaries, Employee shall not use or disclose, directly or indirectly, any Confidential
Information during the period of his employment with the Company. In addition, following the termination for any reason of Employee&#146;s employment with the Company, Employee shall not use or disclose, directly or indirectly, any Confidential
Information. This prohibition does not apply to Confidential Information after it has become generally known in the industry in which the Company conducts its business. This prohibition also does not prohibit Employee&#146;s use of general skills
and know-how acquired during and prior to employment by the Company, as long as such use does not involve the use or disclosure of Confidential Information or Trade Secrets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) <U>Trade Secrets</U>. During Employee&#146;s employment by the Company, Employee shall do what is reasonably necessary to prevent
unauthorized misappropriation or disclosure and threatened misappropriation or disclosure of the Company&#146;s or any of its subsidiaries&#146; Trade Secrets and, after termination of employment, Employee shall not use or disclose the
Company&#146;s or any of its subsidiaries&#146; Trade Secrets as long as they remain, without misappropriation, Trade Secrets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d)
<U>Copyright</U>. All copyrightable work by Employee relating to the Company&#146;s business or the business of any subsidiary or affiliate of the Company during the term of Employee&#146;s employment by the Company is intended to be &#147;work made
for hire&#148; as defined in Section&nbsp;101 of the Copyright Act of 1976, and shall be the property of the Company. If the copyright to any such copyrightable work is not the property of the Company by operation of law, Employee will, without
further consideration, assign to the Company all right, title and interest in such copyrightable work and will assist the Company and its nominee in every way, at the Company&#146;s expense, to secure, maintain and defend for the Company&#146;s
benefit, copyrights and any extensions and renewals thereof on any and all such work including translations thereof in any and all countries, such work to be and remain the property of the Company whether copyrighted or not. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(e) <U>Exceptions</U>. The provisions of paragraphs (b)&nbsp;and (c)&nbsp;above will not be
deemed to prohibit any disclosure that is required by law or court order, provided that Employee has not intentionally taken actions to trigger such required disclosure and the Company is given reasonable prior notice and an opportunity to contest
or minimize such disclosure. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.2 <U>Non-Competition</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) <U>During Employment</U>. During Employee&#146;s employment hereunder, Employee shall not engage, directly or indirectly, as an employee,
officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or
over-the-counter) or in any other capacity, in any competition with the Company or any of its subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) <U>Subsequent to
Employment</U>. For a two (2)&nbsp;year period following the termination of Employee&#146;s employment for any reason or without reason, Employee shall not in any capacity (whether in the capacity as an employee, officer, director, partner, manager,
consultant, agent or owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over-the-counter)), directly or
indirectly advise, manage, render or perform services to or for (i)&nbsp;any person or entity which is engaged in a business competitive to that of the Company or any of its subsidiaries (including without limitation those businesses listed in
<U>Appendix A</U> to the form of 2015 Option Agreement attached hereto as <U>Exhibit B</U>) within any geographical location wherein the Company or any of its subsidiaries produces, sells or markets its goods and services at the time of such
termination or within a one-year period prior to such termination or (ii)&nbsp;any Significant Retailer. For purposes of this Agreement, &#147;<U>Significant Retailer</U>&#148; means those retailers identified in <U>Exhibit&nbsp;B</U> under the
heading &#147;RETAILERS.&#148; Employee acknowledges that the Significant Retailers may now or in the future compete directly or indirectly with the Company, and that, whether or not a Significant Retailer competes directly with the Company, the
Employee because of his knowledge of the industry and his knowledge of confidential information about the Company&#146;s commercial relationships with many large retailers, including one or more of the Significant Retailers, could damage the
Company&#146;s competitive position and business if he worked with a Significant Retailer in any of the capacities described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.3
<U>Non-Solicitation</U>. For a two (2)&nbsp;year period following the termination of Employee&#146;s employment for any reason or without reason, Employee shall not solicit or induce any person who was an employee of the Company or any of its
subsidiaries on the date of Employee&#146;s termination, or within three (3)&nbsp;months prior to leaving his or her employment with the Company or any of its subsidiaries, to leave the employ of the Company or its subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.4 <U>Return of Documents</U>. Immediately upon termination of employment, Employee will return to the Company, and so certify in writing to
the Company, all the Company&#146;s or any of its subsidiaries&#146; papers, documents and things, including information </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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stored for use in or with computers and software applicable to the Company&#146;s and its subsidiaries&#146; business (and all copies thereof), which are in Employee&#146;s possession or under
Employee&#146;s control, regardless whether such papers, documents or things contain Confidential Information or Trade Secrets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.5 <U>No
Conflicts</U>. To the extent that they exist, Employee will not disclose to the Company or any of its subsidiaries any of Employee&#146;s previous employer&#146;s confidential information or trade secrets. Further, Employee represents and warrants
that Employee has not previously assumed any obligations inconsistent with those of this Agreement and that employment by the Company does not conflict with any prior obligations to third parties. In addition, Employee and the Company agree that it
is important for any prospective employer to be aware of this Agreement, so that disputes concerning this Agreement can be avoided in the future. Therefore, Employee agrees that, following termination of employment with the Company, the Company may
forward a copy of Article IV of this Agreement (and any related Exhibits hereto) to any future prospective or actual employer, and Employee releases the Company from any claimed liability or damage caused to Employee by virtue of the Company&#146;s
act in making that prospective or actual employer aware of Article IV of this Agreement (and any related Exhibits hereto). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.6
<U>Agreement on Fairness</U>. Employee acknowledges that: (i)&nbsp;this Agreement has been specifically bargained between the parties and reviewed by Employee, (ii)&nbsp;Employee has had an opportunity to obtain legal counsel to review this
Agreement, and (iii)&nbsp;the covenants made by and duties imposed upon Employee hereby are fair, reasonable and minimally necessary to protect the legitimate business interests of the Company, and such covenants and duties will not place an undue
burden upon Employee&#146;s livelihood in the event of termination of Employee&#146;s employment by the Company and the strict enforcement of the covenants contained herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.7 <U>Equitable Relief and Remedies</U>. Employee acknowledges that any breach of this Agreement will cause substantial and irreparable harm
to the Company for which money damages would be an inadequate remedy. Accordingly, notwithstanding the provisions of Article&nbsp;V below, the Company shall in any such event be entitled to obtain injunctive and other forms of equitable relief to
prevent such breach and the prevailing party shall be entitled to recover from the other, the prevailing party&#146;s costs (including, without limitation, reasonable attorneys&#146; fees) incurred in connection with enforcing this Agreement, in
addition to any other rights or remedies available at law, in equity, by statute or pursuant to Article V below. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE V </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT TO SUBMIT ALL EXISTING OR FUTURE DISPUTES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO BINDING ARBITRATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Company and Employee agree that any controversy or claim arising out of or related to this Agreement or Employee&#146;s employment with or
termination by the Company that is not resolved by the parties shall be settled by arbitration administered by the American Arbitration Association under its National Rules for the Resolution of Employment Disputes. Any such arbitration shall be
conducted in Lexington, Kentucky. The parties further agree that the arbitrator may resolve issues of contract interpretation as well as </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
law and award damages, if any, to the extent provided by this Agreement or applicable law. The parties agree that the costs of the arbitrator&#146;s services shall be borne by the Company. The
parties further agree that the arbitrator&#146;s decision will be final and binding and enforceable in any court of competent jurisdiction. In addition to the A.A.A.&#146;s Arbitration Rules and unless otherwise agreed to by the parties, the
following rules shall apply: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) Each party shall be entitled to discovery exclusively by the following means: (i)&nbsp;requests for
admission, (ii)&nbsp;requests for production of documents, (iii)&nbsp;up to fifteen (15)&nbsp;written interrogatories (with any subpart to be counted as a separate interrogatory), and (iv)&nbsp;depositions of no more than six (6)&nbsp;individuals.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Unless the arbitrator finds that delay is reasonably justified or as otherwise agreed to by the parties, all discovery shall be
completed, and the arbitration hearing shall commence, within five (5)&nbsp;months after the appointment of the arbitrator. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Unless
the arbitrator finds that delay is reasonably justified, the hearing will be completed, and an award rendered, within thirty (30)&nbsp;days of commencement of the hearing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The arbitrator&#146;s authority shall include the ability to render equitable types of relief and, in such event, any aforesaid court may
enter an order enjoining and/or compelling such actions or relief ordered or as found by the arbitrator. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Each party shall bear its own
legal and other professional fees and costs incurred in connection with such arbitration proceeding and any necessary court action. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing provisions of this Article V, the parties expressly agree that a court of competent jurisdiction may enter a
temporary restraining order or an order enjoining a breach of Article IV of this Agreement without submission of the underlying dispute to an arbitrator. Such remedy shall be cumulative and nonexclusive, and shall be in addition to any other remedy
to which the parties may be entitled. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GENERAL PROVISIONS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.1
<U>Notices</U>. Any and all notices provided for in this Agreement shall be given in writing and shall be deemed given to a party at the earlier of (i)&nbsp;when actually delivered to such party, or (ii)&nbsp;when mailed to such party by registered
or certified mail (return receipt requested) or sent to such party by courier, confirmed by receipt, and addressed to such party at the address designated below for such party as follows (or to such other address for such party as such party may
have substituted by notice pursuant to this Section&nbsp;6.1): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="64%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(a) If to the Company:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:4.00em; font-size:10pt; font-family:Times New Roman">Tempur Sealy International, Inc.</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:4.00em; font-size:10pt; font-family:Times New Roman">1000 Tempur Way</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:4.00em; font-size:10pt; font-family:Times New Roman">Lexington, KY 40511</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Attention: Board of Directors</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4.00em; font-size:10pt; font-family:Times New Roman">with a copy to Executive Vice President</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; text-indent:4.00em; font-size:10pt; font-family:Times New Roman">and General Counsel</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="64%"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">(b) If to Employee:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Scott Thompson</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">c/o Tempur Sealy International, Inc.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">1000 Tempur Way</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Lexington, KY 40511</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.2 <U>Entire Agreement; Survival</U>. This Agreement contains the entire understanding and the full and
complete agreement of the parties and supersedes and replaces any prior understandings and agreements among the parties with respect to the subject matter hereof. The provisions of this Agreement shall survive the termination of the Agreement, or of
Employee&#146;s employment for any reason, to the extent necessary to enable the parties to enforce their respective rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.3
<U>Amendment; Headings and References</U>. This Agreement may be altered, amended or modified only in writing, signed by both of the parties hereto, except that either party may update its address set forth in Section&nbsp;6.1 by providing a notice
of the updated address in the manner set forth in Section&nbsp;6.1. Headings included in this Agreement are for convenience only and are not intended to limit or expand the rights of the parties hereto. References to Sections herein shall mean
sections of the text of this Agreement, unless otherwise indicated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.4 <U>Assignability</U>. This Agreement and the rights and duties
set forth herein may not be assigned by either of the parties without the express written consent of the other party. This Agreement shall be binding on and inure to the benefit of each party and such party&#146;s respective heirs, legal
representatives, successors and assigns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.5 <U>Severability</U>. If any court of competent jurisdiction determines that any provision of
this Agreement is invalid or unenforceable, then such invalidity or unenforceability shall have no effect on the other provisions hereof, which shall remain valid, binding and enforceable and in full force and effect, and such invalid or
unenforceable provision shall be construed in a manner so as to give the maximum valid and enforceable effect to the intent of the parties expressed therein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.6 <U>Waiver of Breach</U>. The waiver by either party of the breach of any provision of this Agreement shall not operate or be construed as
a waiver of any subsequent breach by either party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.7 <U>Governing Law; Jurisdiction; Construction</U>. This Agreement shall be governed
by the internal laws of the Commonwealth of Kentucky, without regard to any rules of construction that would require application of the laws of another jurisdiction. Any legal proceeding related to this Agreement and permitted under Section&nbsp;4.7
and Article V hereof must be litigated in an appropriate Kentucky state or federal court, and both the Company and Employee hereby consent to the exclusive jurisdiction of the Commonwealth of Kentucky for this purpose; waive any objection they may
now or hereafter have to venue or to convenience of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


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forum and agree that all legal proceedings will be tried in a court of competent jurisdiction by a judge without a jury. The parties hereto agree that they have been represented by counsel during
the negotiation and execution of this Agreement and, accordingly each party waives the application of any law, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting
such agreement or document. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.8. <U>Tax Compliance</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) The Company may withhold from any amounts payable hereunder any amounts required to be withheld under federal, state or local law and any
other deductions authorized by Employee. The Company and Employee agree that they will execute any and all amendments to this Agreement as they mutually agree in good faith may be necessary to ensure compliance with the provisions of
Section&nbsp;409A (together with any implementing regulations, &#147;<U>Section 409A</U>&#148;) of the Code while preserving insofar as possible the economic intent of the respective provisions, so that Employee will not be subject to any tax
(including interest and penalties) under Section&nbsp;409A. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) For purposes of Section&nbsp;409A, the right to a series of installment
payments under this Agreement shall be treated as a right to a series of separate payments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) With respect to any reimbursement of
expenses of, or any provision of in-kind benefits to, Employee, as specified under this Agreement, such reimbursement of expenses or provision of in-kind benefits shall be subject to the following conditions: (1)&nbsp;the expenses eligible for
reimbursement or the amount of in-kind benefits provided in one taxable year shall not affect the expenses eligible for reimbursement or the amount of in-kind benefits provided in any other taxable year, except for any medical reimbursement
arrangement providing for the reimbursement of expenses referred to in Section&nbsp;105(b) of the Code; (2)&nbsp;the reimbursement of an eligible expense shall be made no later than the end of the year after the year in which such expense was
incurred; and (3)&nbsp;the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding anything to the contrary in this Agreement, if Employee is a &#147;specified employee&#148; as determined pursuant to
Section&nbsp;409A as of the date of Employee&#146;s &#147;separation from service&#148; as defined in Treasury Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;1.409A-1(h)</FONT> (or any successor regulation) and if any payments or
entitlements provided for in this Agreement constitute a &#147;deferral of compensation&#148; within the meaning of Section&nbsp;409A and cannot be paid or provided in the manner provided herein without subjecting Employee to additional tax,
interest or penalties under Section&nbsp;409A, then any such payment or entitlement which is payable during the first six (6)&nbsp;months following Employee&#146;s &#147;separation from service&#148; shall be paid or provided to Employee in a cash
lump-sum on the first business day of the seventh (7th)&nbsp;calendar month immediately following the month in which Employee&#146;s &#147;separation from service&#148; occurs or, if earlier, upon Employee&#146;s death. In addition, any payments or
benefits due hereunder upon a termination of Employee&#146;s employment which are a &#147;deferral of compensation&#148; within the meaning of Section&nbsp;409A shall only be payable or provided to Employee (or Employee&#146;s estate) upon a
&#147;separation from service&#148; as defined in Section&nbsp;409A. Finally, for the purposes of this Agreement, amounts payable under Section&nbsp;3.2 shall be deemed not to be a &#147;deferral of compensation&#148; subject to
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Section&nbsp;409A to the extent provided in the exceptions in Treasury Regulation Sections 1.409A-1(b)(4) (&#147;short-term deferrals&#148;) and (b)(9) (&#147;separation pay plans,&#148;
including the exception under subparagraph (iii)) and other applicable provisions of Treasury Regulation Section&nbsp;1.409A-1 &#150; A-6. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(e) Whenever a payment under this Agreement specifies a payment period with reference to a number of days (for example, &#147;payment shall
be made within thirty (30)&nbsp;days following the date of termination&#148;), the actual date of payment within the specified period shall be within the sole discretion of the Company.&nbsp;In no event may Employee, directly or indirectly,
designate the calendar year of any payment to be made under this Agreement, to the extent such payment is subject to Code Section&nbsp;409A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(f) The Company makes no representation or warranty and shall have no liability to Employee or any other person if any provisions of this
Agreement are determined to constitute deferred compensation subject to Code Section&nbsp;409A but do not satisfy an exemption from, or the conditions of, Code Section&nbsp;409A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(g) <U>Limitation on Payments and Benefits</U>. Notwithstanding any provision of this Agreement to the contrary, in the event that any amount
or benefit to be paid or provided under this Agreement or otherwise to the Employee constitutes a &#147;parachute payment&#148; within the meaning of Section&nbsp;280G of the Code, and but for this provision, would be subject to the excise tax
imposed by Section&nbsp;4999 of the Code, then the totality of those amounts shall be either: (a)&nbsp;delivered in full, or (b)&nbsp;delivered as to such lesser extent which would result in no portion of such payments and benefits being subject to
excise tax under Section&nbsp;4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income and employment taxes and the excise tax imposed by Section&nbsp;4999 of the Code (and any
equivalent state or local excise taxes), results in the receipt by the Employee on an after-tax basis, of the greatest amount of such payments and benefits, notwithstanding that all or some portion of such amount may be taxable under
Section&nbsp;4999 of the Code. Unless the Company and the Employee otherwise agree, any determination required under this provision shall be made in writing by a firm of independent public accountants or a law firm selected by the Company and
reasonably acceptable to the Employee (the &#147;<U>Accountants</U>&#148;), whose determination shall be conclusive and binding upon the Employee and the Company for all purposes. The Company and the Employee agree to furnish to the Accountants such
information and documents as the Accountants may reasonably request in order to make a determination under this provision. The Company will bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this
provision. Any reduction of any amount required by this provision shall occur in the following order: (1)&nbsp;reduction of cash payments to the Employee under this Agreement or otherwise; (2)&nbsp;reduction of vesting acceleration of equity awards
under this Agreement or otherwise; and (3)&nbsp;reduction of other benefits paid or provided to the Employee. If two or more equity awards are granted on the same date, each award will be reduced on a pro rata basis (dollar-for-dollar). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.9. <U>Expenses</U>. The Company agrees to reimburse Employee for the reasonable and documented fees and expenses of Employee&#146;s legal
counsel in connection with the negotiation and preparation of this Agreement, in an amount not to exceed $20,000. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.10. <U>Indemnification; Insurance Coverage</U>. The Company&#146;s By-Laws, as may be amended
from time to time, provide to directors and executive officers of the Company certain rights to indemnification by the Company and to directors and officers insurance coverage. Employee shall be entitled to the same level of protection provided to
executive officers and, as applicable, directors, as contemplated in the Company&#146;s By-Laws, as may be amended from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Remainder of Page Intentionally Left Blank</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the parties have executed this Agreement as of the day and year
written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>COMPANY:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">TEMPUR SEALY INTERNATIONAL, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Frank Doyle</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Frank Doyle</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chairman of the Board of Directors</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>EMPLOYEE:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Scott Thompson</P></TD></TR>
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<TD VALIGN="top" COLSPAN="3">Scott Thompson</TD></TR>
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<TD VALIGN="top" COLSPAN="3"><B>WITNESSED BY:</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vanessa Thompson</P></TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vanessa Thompson</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: September&nbsp;4, 2015 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Employment and Non-Competition Agreement</I>] </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TEMPUR SEALY INTERNATIONAL, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2013 EQUITY INCENTIVE PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Stock Option Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Scott Thompson </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
Stock Option Agreement dated as of September&nbsp;4, 2015 (this &#147;<U>Agreement</U>&#148;), is between Tempur Sealy International, Inc., a corporation organized under the laws of the State of Delaware (the &#147;<U>Company</U>&#148;), and the
individual identified below, residing at the address there set out (the &#147;<U>Optionee</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1. Grant of Option</B>. Pursuant
and subject to the Company&#146;s 2013 Equity Incentive Plan (as the same may be amended from time to time, the &#147;<U>Plan</U>&#148;), the Company grants to the Optionee an option (the &#147;<U>Option</U>&#148;) to purchase from the Company all
or any part of a total of 310,000 shares (the &#147;<U>Option Shares</U>&#148;) of the Company&#146;s common stock, par value $0.01 per share (the &#147;<U>Stock</U>&#148;), at a price of $71.75 per share (the &#147;<U>Exercise Price</U>&#148;). The
&#147;<U>Grant Date</U>&#148; of this Option is September&nbsp;4, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2. Character of Option</B>. This Option is not to be treated
as an &#147;incentive stock option&#148; within the meaning of Section&nbsp;422 of the Internal Revenue Code of 1986, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3.
Duration of Option</B>. Subject to the next sentence, this Option shall expire at 11:59 p.m. (Lexington, KY local time) on the date immediately preceding the tenth anniversary of the Grant Date. However, this Option is subject to earlier termination
as provided in Section&nbsp;5 below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>4. Exercise of Option</B>. Until the expiration of this Option pursuant to Section&nbsp;3 or
Section&nbsp;5 of this Agreement, the Optionee may exercise it as to the number of Option Shares identified in the table below, in full or in part, at any time on or after the applicable exercise date or dates identified in the table. However,
subject to Section&nbsp;5 of this Agreement, during any period that this Option remains outstanding after the Optionee&#146;s employment with the Company and its Affiliates ends, the Optionee may exercise it only to the extent it was exercisable
immediately prior to the end of the Optionee&#146;s employment. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Number of Shares</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:62.05pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">in Each Installment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Initial Exercise Date</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:78.65pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">for Shares in Installment</P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">103,334</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">103,333</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">103,333</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">First Anniversary of Grant Date</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Second Anniversary of Grant Date</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Third Anniversary of Grant Date</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.1(e) of the Plan sets forth the procedure for exercising this Option by paying cash or a check made payable to
the order of the Company in an amount equal to the aggregate Exercise Price of the Stock to be purchased, or by delivering other shares of Stock of equivalent Market Value, provided the Optionee has owned such shares of Stock for at least six
(6)&nbsp;months. The Optionee may also exercise this Option pursuant to a formal cashless exercise program as referred to in Section&nbsp;7.1(e) of the Plan, subject to the terms and conditions referred to in Section&nbsp;7.1(e) of the Plan. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>5. Termination or Acceleration in Certain Cases</B>. The Option shall be subject to early
termination prior to the tenth anniversary of the Grant Date and accelerated vesting in certain circumstances, as described below. Notwithstanding anything contained in this Section&nbsp;5 to the contrary, however, in no event shall the Option
become or remain exercisable to any extent after the expiration date set forth in Section&nbsp;3. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>By the Optionee&#146;s Voluntary
Resignation Without Good Reason</U>. If the Optionee&#146;s employment with the Company or its Affiliates is terminated by the Optionee&#146;s voluntary resignation without Good Reason, including by any Retirement that is not an Approved Retirement
or the Optionee&#146;s other voluntary departure, (i)&nbsp;the Option shall remain exercisable for that number of Option Shares for which this Option shall have become exercisable pursuant to Section&nbsp;4 above (i.e., the &#147;vested&#148; Option
Shares) as of the date of such termination of employment through the last day of the three (3)&nbsp;month period commencing on the later of (y)&nbsp;the expiration of any applicable Blackout Period (as defined below) in which such termination of
employment occurs and (z)&nbsp;the date of such termination of employment; and (ii)&nbsp;the Option Shares that have not yet become vested Option Shares pursuant to Section&nbsp;4 above as of the date of such termination of employment shall
irrevocably expire, and the Optionee shall have no right to purchase any such unvested Option Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Termination by the Company
other than For Cause or By the Optionee for Good Reason</U>. If the Optionee&#146;s employment with the Company or its Affiliates is terminated by the Company or an Affiliate, other than For Cause, or by the Optionee for Good Reason or by reason of
Optionee&#146;s employer ceasing to be an Affiliate (in the absence of a Change of Control), the Option shall remain outstanding and be or become exercisable to the extent otherwise provided in Section&nbsp;4 for a three (3)&nbsp;year period
commencing on the date of such termination of employment; <U>provided</U>, that in the event the Optionee&#146;s employment is terminated prior to January&nbsp;1, 2017, the number of Option Shares otherwise subject to the Option shall be pro-rated
downward based on the actual number of full calendar months that elapsed since the Grant Date prior to such termination of employment, expressed as a fraction of the total months between the Grant Date and January&nbsp;1, 2017. For example, if the
Optionee is granted an Option to purchase 310,000 Option Shares on September&nbsp;4, 2015 and Optionee&#146;s employment is terminated by the Company or any of its Affiliates other than For Cause on September&nbsp;1, 2016, the Option Shares subject
to the Option will be adjusted downward by 26.66% (to reflect that 11 total months have elapsed out of a total of 15) to total 227,333 Option Shares (and the number of previously unvested Option Shares that become vested Option Shares on each
remaining anniversary of the Grant Date specified in Section&nbsp;4 shall be correspondingly reduced as necessary to implement equal vesting amounts on each remaining anniversary of the Grant Date, subject to rounding to a whole share as necessary
to avoid fractional shares vesting). No pro-ration shall be made to the Option Shares for a termination of employment described in this Section&nbsp;5(b) that occurs after January&nbsp;1, 2017, and the Option shall remain outstanding and be or
become exercisable in accordance with the schedule provided in Section&nbsp;4 for the three (3)&nbsp;year period commencing on the date of such termination of employment. Notwithstanding the foregoing, no Stock shall be issued and all of
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>


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Optionee&#146;s rights to the Option and the Option Shares hereunder shall be forfeited, expire and terminate unless (i)&nbsp;the Company shall have received a release of all claims from the
Optionee in the form required by the Employment Agreement (&#147;<U>Release and Waiver</U>&#148;) (and said Release and Waiver shall have become irrevocable in accordance with its terms) prior to the next anniversary of the Grant Date (or if earlier
the deadline established in the form of release delivered by the Company to Optionee for execution) and (ii)&nbsp;the Optionee shall have complied with the covenants set forth in Section&nbsp;10 of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Termination by the Company For Cause</U>. If the Company or any of its Affiliates terminates the Optionee&#146;s employment For Cause,
the Option and all of the Option Shares (whether or not then vested) shall be forfeited and shall expire and terminate immediately as of the date of such termination of employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>Death or Long-Term Disability</U>. If the Optionee dies or the Company or any of its Affiliates terminates the Optionee&#146;s
employment due to the Optionee&#146;s long-term disability (within the meaning of Section&nbsp;409A of the Code), all of the Option Shares that have not become vested Option Shares pursuant to Section&nbsp;4 as of the date of death or such
termination of employment shall immediately become vested Option Shares, and the Option shall remain outstanding and exercisable until the one (1)&nbsp;year anniversary of the date of Optionee&#146;s death or such termination of employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>Approved Retirement</U>. In the event of the Optionee&#146;s Retirement, the Committee may consent to the continued vesting of the
Option in accordance with the annual vesting schedule specified in Section&nbsp;4 and the extended exercisability of the vested Option Shares until the earlier of (i)&nbsp;the three (3)&nbsp;year anniversary of the date on which the Option becomes
fully vested, and (ii)&nbsp;the three (3)&nbsp;year anniversary of the date of such Retirement (an &#147;<U>Approved Retirement</U>&#148;); <U>provided</U>, that in the event the date of the Optionee&#146;s Approved Retirement occurs prior to
January&nbsp;1, 2017, the number of Option Shares otherwise subject to the Option shall be pro-rated downward based on the actual number of calendar months that elapsed since the Grant Date prior to such Approved Retirement (and, for the avoidance
of doubt, in the event of an Approved Retirement no pro-ration shall be made to the Option Shares if the Approved Retirement is effective on or after January&nbsp;1, 2017). Notwithstanding the foregoing, no Stock shall be issued and all of
Optionee&#146;s rights to the Option and the Option Shares hereunder shall be forfeited, expire and terminate unless (i)&nbsp;the Company shall have received a Release and Waiver (and said Release and Waiver shall have become irrevocable in
accordance with its terms) prior to the next anniversary of the Grant Date (or if earlier the deadline established in the form of release delivered by the Company to Optionee for execution) and (ii)&nbsp;the Optionee shall have complied with the
covenants set forth in Section&nbsp;10 of this Agreement. If the Committee shall for any reason decline to consent to continued vesting on the Recipient&#146;s Retirement, then the provisions of subsection (a)&nbsp;above shall instead apply. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>Change of Control</U>. If a Change of Control occurs then Section&nbsp;9(a) of the Plan shall apply to the Options and Option Shares.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 3 - </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) For the purposes of this Agreement: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Blackout Period</U>&#148; shall mean any period when employees are prohibited from making purchases and sales of the
Company&#146;s securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) &#147;<U>Change of Control</U>&#148; shall have the meaning set forth in the Plan, <U>provided</U>, that
no event or transaction shall constitute a Change of Control for purposes of this Agreement unless it also qualifies as a change of control for purposes of Section&nbsp;409A of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) &#147;<U>Employee</U>&#148;, &#147;<U>employment</U>,&#148; &#147;<U>termination of employment</U>&#148; and &#147;<U>cease to be
employed</U>,&#148; and other words or phrases of similar import, shall mean the continued provision of substantial services to the Company or any of its Affiliates (or the cessation or termination of such services) whether as an employee,
consultant or director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) &#147;<U>Employment Agreement</U>&#148; shall mean the Employment Agreement dated as of September&nbsp;4,
2015, between the Company and the Optionee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) &#147;<U>For Cause</U>&#148; shall have the meaning set forth in the Employment
Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) &#147;<U>Good Reason</U>&#148; shall mean have the meaning set forth in the Employment Agreement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii) &#147;<U>Retirement</U>&#148; shall have the meaning assigned to such term in the applicable retirement policy of the Company or its
Affiliates as in effect at such time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>6. Transfer of Option</B>. Except as provided in Section&nbsp;6.4 of the Plan, neither this
Option nor any Option Shares nor any rights hereunder to the underlying Stock may be transferred except by will or the laws of descent and distribution, and during the Optionee&#146;s lifetime, only the Optionee may exercise this Option. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>7. Incorporation of Plan Terms</B>. Except as otherwise provided herein in Section&nbsp;5 above, this Option is granted subject to all of
the applicable terms and provisions of the Plan, including but not limited to Section&nbsp;8 of the Plan, &#147;Adjustment Provisions&#148;, and the limitations on the Company&#146;s obligation to deliver Option Shares upon exercise set forth in
Section&nbsp;10 of the Plan, &#147;Settlement of Awards&#148;. Capitalized terms used but not defined herein shall have the meaning assigned under the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>8. Miscellaneous</B>. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without regard
to the conflict of laws principles thereof, and shall be binding upon and inure to the benefit of any successor or assign of the Company and any executor, administrator, trustee, guardian, or other legal representative of the Optionee. This
Agreement may be executed in one or more counterparts all of which together shall constitute one instrument. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 4 - </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>9. Tax Consequences</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Company makes no representation or warranty as to the tax treatment of this Option, including upon the exercise of this Option or upon
the Optionee&#146;s sale or other disposition of the Option Shares. The Optionee should rely on his/her own tax advisors for such advice. Notwithstanding the foregoing, the Optionee and the Company hereby acknowledge that both the Optionee and the
Company may be subject to certain obligations for tax withholdings, social security taxes and other applicable taxes associated with the vesting or exercise of the Options or the issuance of the Option Shares to the Optionee pursuant to this
Agreement. The Optionee hereby affirmatively consents to the transfer between his or her employee and the Company of any and all personal information necessary for the Company and his employer to comply with its obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) All amounts earned and paid pursuant to this Agreement are intended to be&nbsp;paid in compliance with, or&nbsp;on a basis&nbsp;exempt
from, Section&nbsp;409A of the Code.&nbsp;This Agreement, and all terms and conditions used herein, shall be interpreted and construed consistent with that intent.&nbsp;However, the Company does not warrant all such payments will be exempt from, or
paid in compliance with, Section&nbsp;409A.&nbsp;The Optionee bears the entire risk of any adverse federal, state or local tax consequences and penalty taxes which may result from payments made on a basis contrary to the provisions of
Section&nbsp;409A or comparable provisions of any applicable state or local income tax laws. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>10. Certain Remedies</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If at any time prior to the later of (y)&nbsp;the two (2)&nbsp;year period after termination of the Optionee&#146;s employment with the
Company and its Affiliates, and (z)&nbsp;the period that includes the date (after a termination of Optionee&#146;s employment with the Company and its Affiliates) on which all of the Option Shares granted hereunder and capable of becoming vested
Option Shares so become vested Option Shares (the last day of such later period being the &#147;<U>Covenant Termination Date</U>&#148;), any of the following occur: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) the Optionee unreasonably refuses to comply with lawful requests for cooperation made by the Company, its board of directors, or its
Affiliates; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) the Optionee accepts employment or a consulting or advisory engagement with (A)&nbsp;any Competitive Enterprise (as
defined in Section&nbsp;10(c)) of the Company or its Affiliates, or (B)&nbsp;any Significant Retailer (as defined in Section&nbsp;10(d)), or the Optionee otherwise engages in competition with the Company or its Affiliates; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) the Optionee acts against the interests of the Company and its Affiliates, including recruiting or employing, or encouraging or
assisting the Optionee&#146;s new employer to recruit or employ an employee of the Company or any Affiliate without the Company&#146;s written consent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) the Optionee fails to protect and safeguard while in his/her possession or control, or surrender to the Company upon termination of the
Optionee&#146;s employment with the Company or any Affiliate or such earlier time or times as the Company or its board of directors or any Affiliate may specify, all documents, records, tapes, disks and other media of every kind and description
</P>
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relating to the business, present or otherwise, of the Company and its Affiliates and any copies, in whole or in part thereof, whether or not prepared by the Optionee; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) the Optionee solicits or encourages any person or enterprise with which the Optionee has had business-related contact, who has been a
customer of the Company or any of its Affiliates, to terminate its relationship with any of them; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) the Optionee takes any action or
makes any statement, written or oral, that disparages the business, products, services or management of Company or its Affiliates, or any of their respective directors, officers, agents, or employees, or the Optionee takes any action that is
intended to, or that does in fact, damage the business or reputation of the Company or its Affiliates, or the personal or business reputations of any of their respective directors, officers, agents, or employees, or that interferes with, impairs or
disrupts the normal operations of the Company or its Affiliates; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii) the Optionee breaches any confidentiality obligations the
Optionee has to the Company or an Affiliate, the Optionee fails to comply with the policies and procedures of the Company or its Affiliates for protecting confidential information, the Optionee uses confidential information of the Company or its
Affiliates for his/her own benefit or gain, or the Optionee discloses or otherwise misuses confidential information or materials of the Company or its Affiliates (except as required by applicable law); then </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) this Option shall terminate and be cancelled effective as of the date on which the Optionee entered into such activity,
unless terminated or cancelled sooner by operation of another term or condition of this Agreement or the Plan; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) any
stock acquired and held by the Optionee pursuant to the exercise of this Option during the Applicable Period (as defined in Section&nbsp;10(b) below) may be repurchased by the Company at a purchase price equal to the Exercise Price per share; and
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) any gain realized by the Optionee from the sale of stock acquired through the exercise of this Option during the
Applicable Period shall be paid by the Optionee to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The term &#147;<U>Applicable</U> <U>Period</U>&#148; shall mean the
period commencing on the later of the date of this Agreement or the date which is one (1)&nbsp;year prior to the Optionee&#146;s termination of employment with the Company or any Affiliate and ending on the Covenant Termination Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The term &#147;<U>Competitive Enterprise</U>&#148; shall mean a business enterprise that engages in, or owns or controls a significant
interest in, any entity that engages in, the manufacture, sale or distribution of mattresses or pillows or other bedding products or other products competitive with the Company&#146;s products. Competitive Enterprise shall include, but not be
limited to, the entities set forth on <U>Appendix A</U> hereto, which may be amended by the Company from time to time upon notice to the Optionee. At any time the Optionee may request in writing that the Company make a determination whether a
particular enterprise is a Competitive Enterprise. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 6 - </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Such determination will be made within fourteen (14)&nbsp;days after the receipt of sufficient information from the Optionee about the enterprise, and the determination will be valid for a period
of ninety (90)&nbsp;days from the date of determination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The term &#147;<U>Significant Retailer</U>&#148; means those retailers
identified in Appendix A under the heading &#147;RETAILERS.&#148; The Optionee acknowledges that the Significant Retailers may now or in the future compete directly or indirectly with the Company, and that, whether or not a Significant Retailer
competes directly with the Company, the Optionee because of his knowledge of the industry and his knowledge of confidential information about the Company&#146;s commercial relationships with many large retailers, including one or more of the
Significant Retailers, could damage the Company&#146;s competitive position and business if he worked with a Significant Retailer in any of the capacities described above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>11. Right of Set Off</B>. By executing this Agreement, the Optionee consents to a deduction from any amounts the Company or any Affiliate
owes the Optionee from time to time, to the extent of the amounts the Optionee owes the Company under Section&nbsp;10 above, provided that this set-off right may not be applied against wages, salary or other amounts payable to the Optionee to the
extent that the exercise of such set-off right would violate any applicable law. If the Company does not recover by means of set-off the full amount the Optionee owes the Company, calculated as set forth above, the Optionee agrees to pay immediately
the unpaid balance to the Company upon the Company&#146;s demand. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>12. Nature of Remedies</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The remedies set forth in Sections&nbsp;10 and 11 above are in addition to any remedies available to the Company and its Affiliates in any
non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Company shall be entitled to place a legend on any certificate evidencing any stock acquired upon exercise of this Option referring to
the repurchase right set forth in Section&nbsp;10(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company&#146;s stock transfer agent in the event the Company believes that any event referred to in
Section&nbsp;10(a) has occurred or is reasonably likely to occur. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>13. No Right to Employment. </B>This Agreement does not give the
Optionee any right to continue to be employed by the Company or any of its Affiliates, or limit, in any way, the right of the Company or any of its Affiliates to terminate the Optionee&#146;s employment, at any time, for any reason not specifically
prohibited by law.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>14. Clawback Policy. </B>The Optionee acknowledges receipt of a copy of the Company&#146;s Clawback Policy,
and acknowledges and agrees that any Option Shares issued under this Agreement shall be subject to the Clawback Policy or any amended version thereof, and any other clawback policy approved by the Company&#146;s Board of Directors. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 7 - </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Witness Whereof, the parties have executed this Stock Option Agreement as of the date first
above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="44%"></TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">TEMPUR SEALY INTERNATIONAL, INC.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">OPTIONEE</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Frank Doyle</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Scott Thompson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Frank Doyle</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Scott Thompson</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chairman of the Board of Directors</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Optionee&#146;s Address: 2232 E 30 Pl</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="text-indent:8.00em; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;Tulsa, OK 74114</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to Stock Option Agreement</I>] </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Appendix A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Competitive Enterprises of the Company and its Affiliates </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ace</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">AH Beard</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Auping</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ashley Sleep</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Boyd</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carpe Diem</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carpenter</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carolina Mattress</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Cauval Group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chaide&nbsp;&amp; Chaide</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Classic Sleep Products</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Comforpedic</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Comfort Solutions</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">COFEL group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">De Rucci</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Diamona</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Doremo Octaspring</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dorelan</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dunlopillo</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Duxiana</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Eastborne</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Eminflex</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Englander</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Flex Group of Companies</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Foamex</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">France Bed</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Future Foam</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Harrisons</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Hastens</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Hilding Anders Group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Hypnos</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">IBC</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">KayMed</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">King Koil</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Kingsdown</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Lady Americana</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Land and Sky</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Leggett&nbsp;&amp; Platt</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Lo Monaco</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Magniflex</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Metzler</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Myers</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 1 - </P>


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<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Optimo</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ortobom</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Natura</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Natures Rest</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Park Place</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Permaflex</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Pikolin Group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Recticel Group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Relyon</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Restonic</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Rosen</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Rowe</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sapsa Bedding</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Select Comfort</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Serta and any direct or indirect parent company</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Silentnight</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Simmons Company/Beautyrest and any direct or</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">indirect parent company</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sleepmaker</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Spring Air</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sterling</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Stobel</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Swiss Comfort</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Swiss Sense</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Therapedic</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RETAILERS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ashley</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Innovative Mattress Solutions</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Mattress Firm</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sleepy&#146;s</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Wayfair</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>

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<TYPE>EX-10.3
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<FILENAME>d37233dex103.htm
<DESCRIPTION>EX-10.3
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TEMPUR SEALY INTERNATIONAL, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>2013 EQUITY INCENTIVE PLAN </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Restricted Stock Unit Award Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Scott Thompson) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
Restricted Stock Unit Award Agreement (this &#147;<U>Agreement</U>&#148;), dated as of September&nbsp;4, 2015, is between Tempur Sealy International, Inc., a corporation organized under the laws of the State of Delaware (the
&#147;<U>Company</U>&#148;), and the individual identified below, residing at the address there set out (the &#147;<U>Recipient</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1. Award of Restricted Stock Units. </B>Pursuant and subject to the Company&#146;s 2013 Equity Incentive Plan (as the same may be amended
from time to time, the &#147;<U>Plan</U>&#148;), the Company grants the Recipient an award (the &#147;<U>Award</U>&#148;) for 118,000 restricted stock units (&#147;<U>Restricted Stock Units</U>&#148;), each representing the right to a share of the
common stock, par value $0.01 per share, of the Company (the &#147;<U>Stock</U>&#148;) on and subject to the terms and conditions of this Agreement. This Award is granted as of September&nbsp;4, 2015 (the &#147;<U>Grant Date</U>&#148;) and is not
intended to qualify as a Qualified Performance-Based Award. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2. Rights of Restricted Stock Units. </B>The Recipient will receive no
dividend equivalent payments on the Restricted Stock Units or with respect to the Stock. Unless and until the vesting conditions of the Award have been satisfied and the Recipient has received the shares of Stock in accordance with the terms and
conditions described herein, the Recipient shall have none of the attributes of ownership with respect to such shares of Stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3.
Vesting Period and Rights; Taxes; and Filings.</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Vesting Period and Rights</U>. The Award will vest in three equal installments
on the first three anniversaries of the Grant Date (each &#147;<U>Vesting Date</U>&#148;), unless the Award terminates or vests earlier in accordance with Section&nbsp;4 or 5 hereof. Subject to the provisions of Sections&nbsp;4 and 5 below, any
vesting is subject to the Recipient continuing to be employed by the Company or an Affiliate of the Company on the applicable Vesting Date. Any Restricted Stock Units that have been vested as described above are referred to herein as &#147;<U>Vested
RSUs</U>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Taxes</U>. The Recipient is required to provide sufficient funds to pay all withholding taxes. Pursuant to the
Plan, the Company shall have the right to require the Recipient to remit to the Company an amount sufficient to satisfy federal, state, local or other withholding tax requirements if, when, and to the extent required by law (whether so required to
secure for the Company an otherwise available tax deduction or otherwise) attributable to the Award awarded under this Agreement, including without limitation, the award or lapsing of stock restrictions on the Award. The obligations of the Company
under this Agreement shall be conditional on satisfaction of all such withholding obligations and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Recipient.
However, in such cases Recipient may elect, subject to any reasonable administrative procedures for timely compliance established by the Committee, to satisfy an applicable </P>

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withholding requirement, in whole or in part, by having the Company withhold a portion of the shares of Stock to be issued under the Award to satisfy the Recipient&#146;s tax obligations. The
Recipient may only elect to have shares of Stock withheld having a Market Value on the date the tax is to be determined equal to the minimum statutory total withholding taxes arising upon the vesting of the Award. If the Recipient has not submitted
an election on or before the thirtieth (30)&nbsp;day prior to a Vesting Date, Recipient shall be deemed to have elected to have shares withheld from the Shares of Stock to be issued under the Award to satisfy the Recipient&#146;s tax obligation. All
elections shall be irrevocable, made in writing, signed by the Recipient, and shall be subject to any restrictions or limitations that the Committee deems appropriate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Filings</U>. The Recipient is responsible for any filings required under Section&nbsp;16 of the Securities Exchange Act of 1934 and the
rules thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>4. Termination of Employment. </B>If the Recipient&#146;s employment with the Company or an Affiliate of the Company
terminates prior to the third anniversary of the Grant Date, including because the Recipient&#146;s employer ceases to be an Affiliate, the right to the Restricted Stock Units and the Stock shall be as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Death</U>. If the Recipient dies, the Restricted Stock Units granted hereunder will vest immediately and the person or persons to whom
the Recipient&#146;s rights shall pass by will or the laws of descent and distribution shall be entitled to receive all of the Stock with respect thereto, subject to paragraph (g)&nbsp;below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Long-Term Disability</U>. If the Company or an Affiliate of the Company terminates the Recipient&#146;s employment for <FONT
STYLE="white-space:nowrap">long-term</FONT> disability (within the meaning of Section&nbsp;409A of the Code), the Restricted Stock Units granted hereunder will vest immediately and Recipient shall be entitled to receive all of the Stock with respect
thereto, subject to paragraph (g)&nbsp;below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>By the Company For Cause or By the Recipient Without Good Reason</U>. If the
Recipient ceases to be an employee of the Company or an Affiliate of the Company due to the Recipient&#146;s termination by the Company or such Affiliate For Cause or if the Recipient resigns or otherwise terminates his employment without Good
Reason, including by any Retirement that is not an Approved Retirement or the Recipient&#146;s voluntary departure, the Recipient&#146;s right to such Restricted Stock Units and the Stock granted hereunder shall be forfeited, no Stock shall be
issued and the Restricted Stock Units shall be cancelled. The terms &#147;For Cause&#148;, &#147;Good Reason&#148;, &#147;Retirement&#148; and &#147;Approved Retirement&#148; are defined below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>By the Company Other Than For Cause or By the Recipient for Good Reason</U>. If the Recipient ceases to be an employee of the Company
or an Affiliate of the Company due to the Recipient&#146;s termination by the Company or such Affiliate other than For Cause, by his resignation for Good Reason, or due to Recipient&#146;s employer ceasing to be an Affiliate (in the absence of a
Change of Control), (i)&nbsp;if the termination of employment occurs on or after December&nbsp;31, 2016, then the Employee shall be entitled to receive all the Restricted Stock Units, as and when they become vested on the applicable Vesting Date and
subject to paragraph (g), and (ii)&nbsp;if the termination of employment occurs before December&nbsp;31, 2016, then the Employee shall be entitled to retain all </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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previously Vested RSUs and a <U>pro</U> <U>rata</U> portion of the Restricted Stock Units will continue to vest (in equal installments over the remaining Vesting Dates), subject to the provisions
of Section&nbsp;3(b) and subject to paragraph (g), such that the total number of Restricted Stock Units that have vested and will continue to vest equals the total number granted multiplied by a fraction, the numerator of which is the number of full
months that have elapsed since the Grant Date and prior to the date that employment ends, and the denominator of which is 15 months, and the balance shall be cancelled and no Stock issued therefor. For this purpose, &#147;<U>pro</U> <U>rata</U>
portion&#148; means (i)&nbsp;the number of Restricted Stock Units granted multiplied by the actual number of full calendar months that have elapsed since the Grant Date to the date of termination, and then divided by 15, <U>less</U> (ii)&nbsp;the
number of Restricted Stock Units already vested. Notwithstanding the foregoing, no Stock shall be issued and all of Recipient&#146;s rights to the Restricted Stock Units and the Stock hereunder shall be forfeited, expire and terminate unless
(i)&nbsp;the Company shall have received a release of all claims from the Recipient in the form required pursuant to the Employment Agreement (&#147;<U>Release and Waiver</U>&#148;) (and said Release and Waiver shall have become irrevocable in
accordance with its terms) prior to the next applicable Vesting Date (or if earlier, the deadline established in the form of Release and Waiver delivered by the Company to Recipient for execution) and (ii)&nbsp;the Recipient shall have complied with
the covenants set forth in Section&nbsp;10 of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>Approved Retirement</U>. In the event of the Recipient&#146;s
Retirement, the Committee may consent to the continued vesting of a pro-rata portion of the Restricted Stock Units on the remaining Vesting Dates (an &#147;<U>Approved Retirement</U>&#148;) and the balance shall be cancelled and no Stock issued
therefor. For this purpose, &#147;<U>pro-rata portion</U>&#148; means (i)&nbsp;the number of Restricted Stock Units granted multiplied by the actual number of full calendar months that elapsed from the Grant Date to the date of such Approved
Retirement and then divided by 36 less (ii)&nbsp;the number of Restricted Stock Units already vested. Notwithstanding the foregoing, no Stock shall be issued and all of Recipient&#146;s rights to the Restricted Stock Units and Stock hereunder shall
be forfeited, expire and terminate unless (i)&nbsp;the Company shall have received a Release and Waiver from the Recipient (and said Release and Waiver shall have become irrevocable in accordance with its terms) prior to the next applicable Vesting
Date (or if earlier, the deadline established in the form of release delivered by the Company to Recipient for execution) and (ii)&nbsp;the Recipient shall have complied with the covenants set forth in Section&nbsp;10 of this Agreement. If the
Committee shall for any reason decline to consent to continued vesting on the Recipient&#146;s Retirement, then the provisions of subsection (c)&nbsp;above shall instead apply. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>Definitions</U>. As used in this Agreement: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Change of Control</U>&#148; shall have the meaning set forth in the Plan, provided, that no event or transaction shall
constitute a Change of Control for purposes of this Agreement unless it also qualifies as a change of control for purposes of Section&nbsp;409A of the Code; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) &#147;<U>Employee</U>&#148;, &#147;<U>employment</U>&#148;, <U>&#147;termination of employment</U>&#148; and &#147;<U>cease to be
employed</U>,&#148; and other words or phrases of similar import, shall mean the continued provision of substantial services to the Company or any of its Affiliates (or the cessation or termination of such services) whether as an employee,
consultant or director. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) &#147;<U>For Cause</U>&#148; shall have the meaning assigned to such term in the
Employment Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) &#147;<U>Good Reason</U>&#148; shall have the meaning assigned to such term in the Employment Agreement; and
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) &#147;<U>Retirement</U>&#148; shall have the meaning assigned to such term in the applicable retirement policy of the Company or its
Affiliates as in effect at such time </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(g) <U>Payment</U>. In all cases, payment (i.e., issuance of the Stock) with respect to any Vested
RSUs shall be made promptly and, in any event, within twenty (20)&nbsp;days following the applicable Vesting Date or the date of any accelerated vesting as described in Section&nbsp;4(a), Section&nbsp;4(b) or 4(d) above; <U>provided</U>
<U>however</U>, notwithstanding anything in this Agreement to the contrary, in no event will any payment (i.e. issuance of the Stock) be made until the 30th day after the termination of the Recipient&#146;s employment with the Company and its
Affiliates. For this purpose, Restricted Stock Units continuing to vest on account of (i)&nbsp;a termination of employment by the Company or its Affiliates other than For Cause, (ii)&nbsp;Recipient&#146;s resignation for Good Reason,
(iii)&nbsp;Recipient&#146;s employer ceasing to be an Affiliate (in the absence of a Change of Control) or (iv)&nbsp;an Approved Retirement, shall continue to vest as provided above only if the Company has received the required Release and Waiver,
but delivery of the Stock on or after the next applicable Vesting Date pursuant to this paragraph (g)&nbsp;shall not obviate the need to comply with the covenants contained in Section&nbsp;10 until the Covenant Termination Date in order to retain
the Stock then delivered. If the Recipient remains employed with the Company or its Affiliates after the third anniversary of the Grant Date, at the request of the Recipient, the Company and the Recipient will reasonably cooperate to provide the
Recipient an opportunity to convert the Vested RSUs into an unsecured commitment by the Company to pay cash plus interest at a fixed rate rather than stock (subject to the Recipient otherwise remaining in compliance with the Company&#146;s stock
ownership guidelines), provided that the Company would not be required to take any such action that creates adverse tax or accounting impacts for the Company or creates any issues for the Company under any of its credit agreements, indentures or
other financing documents. In addition, and notwithstanding the foregoing or anything contained in this Agreement to the contrary, in the event that the Recipient is determined to be a &#147;specified employee&#148; (as defined in Section&nbsp;409A
of the Code) of the Company at a time when its stock is deemed to be publicly traded on an established securities market, payments determined to be &#147;nonqualified deferred compensation&#148; and that are payable as a result of the
Recipient&#146;s termination of employment shall be made no earlier than the first day of the seventh calendar month following such termination of employment, consistent with the provisions of Section&nbsp;409A of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>5. Change of Control Provisions. </B>Pursuant to the Change of Control provisions of Section&nbsp;9 of the Plan and notwithstanding
anything herein to the contrary if a Change of Control occurs, this Agreement shall remain in full force and effect in accordance with its terms subject to the following. In the event of such Change of Control: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) if the Recipient&#146;s employment is terminated by the Company or an Affiliate of the Company other than For Cause or if the Recipient
resigns for Good Reason within twelve (12)&nbsp;months after the occurrence of a Change of Control, all of the Recipient&#146;s </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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Restricted Stock Units shall immediately vest as of such date and Recipient shall be entitled to receive all of the Stock promptly and, in any event, within twenty (20)&nbsp;days after the date
of such termination of employment; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) if the Restricted Stock Units are not assumed, converted or replaced by a successor
organization following such Change of Control, all of the Recipient&#146;s Restricted Stock Units shall immediately vest as of such date and Recipient shall be entitled to receive all of the Stock promptly and, in any event, within twenty
(20)&nbsp;days after the date of the Change of Control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Company (or any successor organization) may require the Recipient to
enter into a restricted stock unit award agreement that replaces this Agreement and reflects the terms described above. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>6. Other
Provisions.</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) This Award of Restricted Stock Units does not give the Recipient any right to continue to be employed by the Company
or any of its Affiliates, or limit, in any way, the right of the Company or its Affiliates to terminate the Recipient&#146;s employment, at any time, for any reason not specifically prohibited by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Company is not liable for the non-issuance or non-transfer, nor for any delay in the issuance or transfer of any shares of Stock due
to the Recipient upon the Vesting Date (or, if vesting of the Restricted Stock Units is accelerated pursuant to Section&nbsp;4 or 5, such earlier date) with respect to vested Restricted Stock Units which results from the inability of the Company to
obtain, from each regulatory body having jurisdiction, all requisite authority to issue or transfer shares of common stock of the Company if counsel for the Company deems such authority necessary for the lawful issuance or transfer of any such
shares. Acceptance of this Award constitutes the Recipient&#146;s agreement that the shares of Stock subsequently acquired hereunder, if any, will not be sold or otherwise disposed of by the Recipient in violation of any applicable securities laws
or regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Award, the Restricted Stock Units and entitlement to the Stock are subject to this Agreement and Recipient&#146;s
acceptance hereof shall constitute the Recipient&#146;s agreement to any administrative regulations of the Committee of the Board. In the event of any inconsistency between this Agreement and the provisions of the Plan, the provisions of the Plan
shall prevail. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) All decisions of the Committee upon any questions arising under the Plan or under these terms and conditions shall be
conclusive and binding, including, without limitation, those decisions and determinations to adjust the Restricted Stock Units made by the Committee pursuant to the authority granted under Section&nbsp;8.4(d) of the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Except as provided in Section&nbsp;6.4 of the Plan, no right hereunder related to the Award or these Restricted Stock Units and no rights
hereunder to the underlying Stock shall be transferable (except by will or the laws of descent and distribution) until such time, if ever, that the Stock is earned and delivered. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>7. Incorporation of Plan Terms.</B> This Award is granted subject to all of the applicable
terms and provisions of the Plan, including but not limited to Section&nbsp;8 of the Plan, &#147;Adjustment Provisions&#148;, and the limitations on the Company&#146;s obligation to deliver Stock upon vesting set forth in Section&nbsp;10 of the
Plan, &#147;Settlement of Awards&#148;. Capitalized terms used but not defined herein shall have the meaning assigned under the Plan. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the provisions of the
Plan shall control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>8. Miscellaneous.</B> This Agreement shall be construed and enforced in accordance with the laws of the State of
Delaware, without regard to the conflict of laws principles thereof and shall be binding upon and inure to the benefit of any successor or assign of the Company and any executor, administrator, trustee, guardian, or other legal representative of the
Recipient. This Agreement may be executed in one or more counterparts all of which together shall constitute one instrument. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>9. Tax
Consequences</B>. <B></B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Company makes no representation or warranty as to the tax treatment of this Award, including upon the
issuance of the Stock or upon the Recipient&#146;s sale or other disposition of the Stock. The Recipient should rely on his own tax advisors for such advice. Notwithstanding the foregoing, the Recipient and the Company hereby acknowledge that both
the Recipient and the Company may be subject to certain obligations for tax withholdings, social security taxes and other applicable taxes associated with the vesting of the Restricted Stock Units or the Stock by the Recipient pursuant to this
Agreement. The Recipient hereby affirmatively consents to the transfer between his or her employer and the Company of any and all personal information necessary for the Company and his employer to comply with its obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) All amounts earned and paid pursuant to this Agreement are intended to be&nbsp;paid in compliance with, or&nbsp;on a basis&nbsp;exempt
from, Section&nbsp;409A of the Code.&nbsp;This Agreement, and all terms and conditions used herein, shall be interpreted and construed consistent with that intent.&nbsp;However, the Company does not warrant all such payments will be exempt from, or
paid in compliance with, Section&nbsp;409A.&nbsp;The Recipient bears the entire risk of any adverse federal, state or local tax consequences and penalty taxes which may result from payments made on a basis contrary to the provisions of
Section&nbsp;409A or comparable provisions of any applicable state or local income tax laws. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>10. Certain Remedies.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If at any time prior to the later of (y)&nbsp;the last day of the two (2)&nbsp;year period after termination of the Recipient&#146;s
employment with the Company and its Affiliates and (z)&nbsp;the last Vesting Date (the later of such days being the &#147;<U>Covenant Termination Date</U>&#148;), any of the following occur: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) the Recipient unreasonably refuses to comply with lawful requests for cooperation made by the Company, its board of directors, or its
Affiliates; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) the Recipient accepts employment or a consulting or advisory engagement with (A)&nbsp;any Competitive Enterprise (as
defined in Section&nbsp;10(c)) of the Company or its Affiliates, or (B)&nbsp;any Significant Retailer (as defined in Section&nbsp;10(d)), or the Recipient otherwise engages in competition with the Company or its Affiliates; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) the Recipient acts against the interests of the Company and its Affiliates, including
recruiting or employing, or encouraging or assisting the Recipient&#146;s new employer to recruit or employ an employee of the Company or any Affiliate without the Company&#146;s written consent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) the Recipient fails to protect and safeguard while in his possession or control, or surrender to the Company upon termination of the
Recipient&#146;s employment with the Company or any Affiliate or such earlier time or times as the Company or its board of directors or any Affiliate may specify, all documents, records, tapes, disks and other media of every kind and description
relating to the business, present or otherwise, of the Company and its Affiliates and any copies, in whole or in part thereof, whether or not prepared by the Recipient; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) the Recipient solicits or encourages any person or enterprise with which the Recipient has had business-related contact, who has been a
customer of the Company or any of its Affiliates, to terminate its relationship with any of them; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) the Recipient takes any action or
makes any statement, written or oral, that disparages the business, products, services or management of Company or its Affiliates, or any of their respective directors, officers, agents, or employees, or the Recipient takes any action that is
intended to, or that does in fact, damage the business or reputation of the Company or its Affiliates, or the personal or business reputations of any of their respective directors, officers, agents, or employees, or that interferes with, impairs or
disrupts the normal operations of the Company or its Affiliates; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii) the Recipient breaches any confidentiality obligations the
Recipient has to the Company or an Affiliate, the Recipient fails to comply with the policies and procedures of the Company or its Affiliates for protecting confidential information, the Recipient uses confidential information of the Company or its
Affiliates for his own benefit or gain, or the Recipient discloses or otherwise misuses confidential information or materials of the Company or its Affiliates (except as required by applicable law); then </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(1) this Award shall terminate and be cancelled effective as of the date on which the Recipient entered into such activity, unless terminated
or cancelled sooner by operation of another term or condition of this Agreement or the Plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(2) any Stock acquired and held by the
Recipient pursuant to the Award during the Applicable Period (as defined below) may be repurchased by the Company at a purchase price of $0.01 per share; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(3) any after-tax proceeds realized by the Recipient from the sale of Stock acquired through the Award during the Applicable Period shall be
paid by the Recipient to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The term &#147;<U>Applicable Period</U>&#148; shall mean the period commencing on the later of
the date of this Agreement or the date which is one (1)&nbsp;year prior to the Recipient&#146;s termination of employment with the Company or any Affiliate and ending on the Covenant Termination Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The term &#147;<U>Competitive Enterprise</U>&#148; shall mean a business enterprise that
engages in, or owns or controls a significant interest in, any entity that engages in, the manufacture, sale or distribution of mattresses or pillows or other bedding products or other products competitive with the Company&#146;s products.
Competitive Enterprise shall include, but not be limited to, the entities set forth on <U>Appendix A</U> hereto, which may be amended by the Company from time to time upon notice to the Recipient. At any time the Recipient may request in writing
that the Company make a determination whether a particular enterprise is a Competitive Enterprise. Such determination will be made within fourteen (14)&nbsp;days after the receipt of sufficient information from the Recipient about the enterprise,
and the determination will be valid for a period of ninety (90)&nbsp;days from the date of determination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The term
&#147;<U>Significant Retailer</U>&#148; means those retailers identified in <U>Appendix A</U> under the heading &#147;RETAILERS.&#148; The Recipient acknowledges that the Significant Retailers may now or in the future compete directly or indirectly
with the Company, and that, whether or not a Significant Retailer competes directly with the Company, the Recipient because of his knowledge of the industry and his knowledge of confidential information about the Company&#146;s commercial
relationships with many large retailers, including one or more of the Significant Retailers, could damage the Company&#146;s competitive position and business if he worked with a Significant Retailer in any of the capacities described above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>11. Right of Set Off</B>. By executing this Agreement, the Recipient consents to a deduction from any amounts the Company or any Affiliate
owes the Recipient from time to time, to the extent of the amounts the Recipient owes the Company under Section&nbsp;10 above, <U>provided</U> that this set-off right may not be applied against wages, salary or other amounts payable to the Recipient
to the extent that the exercise of such set-off right would violate any applicable law. If the Company does not recover by means of set-off the full amount the Recipient owes the Company, calculated as set forth above, the Recipient agrees to pay
immediately the unpaid balance to the Company upon the Company&#146;s demand. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>12. Nature of Remedies</B>.<B></B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The remedies set forth in Sections&nbsp;10 and 11 above are in addition to any remedies available to the Company and its Affiliates in any
non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Company shall be entitled to place a legend on any certificate evidencing any Stock acquired upon vesting of this Award referring to
the repurchase right set forth in Section&nbsp;10(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company&#146;s stock transfer agent in the event the Company believes that any event referred to in
Section&nbsp;10(a) has occurred or is reasonably likely to occur. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>13. Clawback Policy.</B> The Recipient acknowledges receipt of a
copy of the Company&#146;s Clawback Policy, and acknowledges and agrees that the shares of Stock issuable under this Agreement shall be subject to the Clawback Policy or any amended version thereof, and any other clawback policy approved by the
Company&#146;s Board of Directors. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Witness Whereof, the parties have executed this Restricted Stock Unit Award Agreement as a
sealed instrument as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><B>TEMPUR SEALY INTERNATIONAL INC.</B></TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Frank Doyle</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Frank Doyle</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chairman of the Board of Directors</TD></TR>
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<TD HEIGHT="16" COLSPAN="3"></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><B>RECIPIENT</B></TD></TR>
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<TD HEIGHT="16" COLSPAN="3"></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Scott Thompson</P></TD></TR>
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<TD VALIGN="top" COLSPAN="3">Recipient signature</TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Scott Thompson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name of Recipient</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I></I>[<I>Signature Page
to Restricted Stock Unit Award Agreement</I>]<I> </I></P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Appendix A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Competitive Enterprises of the Company and its Affiliates </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ace</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">AH Beard</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Auping</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ashley Sleep</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Boyd</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Carpe Diem</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Carpenter</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Carolina Mattress</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cauval Group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Chaide&nbsp;&amp; Chaide</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Classic Sleep Products</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Comforpedic</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Comfort Solutions</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">COFEL group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">De Rucci</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Diamona</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Doremo Octaspring</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dorelan</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dunlopillo</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Duxiana</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Eastborne</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Eminflex</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Englander</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Flex Group of Companies</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foamex</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">France Bed</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Future Foam</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Harrisons</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hastens</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hilding Anders Group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hypnos</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">IBC</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">KayMed</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">King Koil</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kingsdown</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lady Americana</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Land and Sky</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Leggett&nbsp;&amp; Platt</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lo Monaco</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Magniflex</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Metzler</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Myers</P></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Optimo</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ortobom</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Natura</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Natures Rest</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Park Place</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Permaflex</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Pikolin Group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Recticel Group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Relyon</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restonic</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rosen</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rowe</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sapsa Bedding</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Select Comfort</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Serta and any direct or indirect parent company</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Silentnight</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Simmons Company/Beautyrest and any direct or</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">indirect parent company</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sleepmaker</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spring Air</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TEMPUR SEALY INTERNATIONAL, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>2013 EQUITY INCENTIVE PLAN </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Matching Performance Restricted Stock Unit Award Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Scott Thompson) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
Matching Performance Restricted Stock Unit Award Agreement (this &#147;<U>Agreement</U>&#148;), dated as of September&nbsp;4, 2015, is between Tempur Sealy International, Inc., a corporation organized under the laws of the State of Delaware (the
&#147;<U>Company</U>&#148;), and the individual identified below, residing at the address there set out (the &#147;<U>Recipient</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1. Award of Restricted Stock Units. </B>Pursuant and subject to the Company&#146;s 2013 Equity Incentive Plan (as the same may be amended
from time to time, the &#147;<U>Plan</U>&#148;), the Company grants the Recipient an award (the &#147;<U>Award</U>&#148;) for 69,686 restricted stock units (&#147;<U>Performance Restricted Stock Units</U>&#148;), each representing the right to a
share of the common stock, par value $0.01 per share, of the Company (the &#147;<U>Stock</U>&#148;) on and subject to the terms and conditions of this Agreement. This Award is granted as of September&nbsp;4, 2015 (the &#147;<U>Grant Date</U>&#148;)
and is intended to qualify as a Qualified Performance-Based Award. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement is entered into pursuant to Section&nbsp;2.3 of the
Employment Agreement, dated as of September&nbsp;4, 2015 (the &#147;<U>Employment Agreement</U>&#148;) between the Company and the Recipient. Pursuant to the Employment Agreement, the Company and the Recipient are entering into a Subscription
Agreement, dated the date hereof, pursuant to which the Recipient has agreed to purchase, and the Company has agreed to sell 69,686 shares of Stock. The shares of Stock described above are referred to herein as the &#147;<U>Purchased
Shares</U>&#148;. In the event that the Recipient fails to purchase the Purchased Shares when required under the Subscription Agreement and such failure continues for 5 days, then this Agreement shall terminate and all the Performance Restricted
Stock Units will be forfeited. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2. Rights of Performance Restricted Stock Units. </B>The Recipient will receive no dividend equivalent
payments on the Performance Restricted Stock Units or with respect to the Stock. Unless and until the vesting conditions of the Award have been satisfied and the Recipient has received the shares of Stock in accordance with the terms and conditions
described herein, the Recipient shall have none of the attributes of ownership with respect to such shares of Stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3. Vesting Period
and Rights; Taxes; and Filings.</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Vesting Period and Rights</U>. The Award will vest in three equal installments on the first
three anniversaries of the Grant Date (each &#147;<U>Vesting Date</U>&#148;), unless the Award terminates or vests earlier in accordance with paragraph (c)&nbsp;or paragraph (d)&nbsp;below or Section&nbsp;4 or 5 hereof. Subject to the provisions of
Sections&nbsp;4 and 5 below, any vesting is subject to the Recipient continuing to be employed by the Company or an Affiliate of the Company on the applicable Vesting Date. Any Performance Restricted Stock Units that have been vested as described
above are referred to herein as &#147;<U>Vested PRSUs</U>&#148;. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Taxes</U>. The Recipient is required to provide sufficient funds to pay all withholding
taxes. Pursuant to the Plan, the Company shall have the right to require the Recipient to remit to the Company an amount sufficient to satisfy federal, state, local or other withholding tax requirements if, when, and to the extent required by law
(whether so required to secure for the Company an otherwise available tax deduction or otherwise) attributable to the Award awarded under this Agreement, including without limitation, the award or lapsing of stock restrictions on the Award. The
obligations of the Company under this Agreement shall be conditional on satisfaction of all such withholding obligations and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind
otherwise due to the Recipient. However, in such cases Recipient may elect, subject to any reasonable administrative procedures for timely compliance established by the Committee, to satisfy an applicable withholding requirement, in whole or in
part, by having the Company withhold a portion of the shares of Stock to be issued under the Award to satisfy the Recipient&#146;s tax obligations. The Recipient may only elect to have shares of Stock withheld having a Market Value on the date the
tax is to be determined equal to the minimum statutory total withholding taxes arising upon the vesting of the Award. If the Recipient has not submitted an election on or before the thirtieth (30)&nbsp;day prior to a Vesting Date, Recipient shall be
deemed to have elected to have shares withheld from the Shares of Stock to be issued under the Award to satisfy the Recipient&#146;s tax obligation. All elections shall be irrevocable, made in writing, signed by the Recipient, and shall be subject
to any restrictions or limitations that the Committee deems appropriate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Forfeitures on Sale of Purchased Shares</U>. If, at any
time prior to the third anniversary of the Grant Date, the Recipient directly or indirectly sells or otherwise transfers any interest in any of the Purchased Shares, other than Permitted Transfers, then all Performance Restricted Stock Units that
have not become Vested PRSUs shall terminate immediately and be forfeited. As used herein, &#147;<U>Permitted Transfers</U>&#148; shall mean any <U>bona</U> <U>fide</U> transfer for estate planning purposes approved in advance by the Compensation
Committee of the Board of Directors of the Company (the &#147;<U>Committee</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>Performance Condition for Vesting</U>.
Notwithstanding anything in this Agreement to the contrary, if the Company does not have positive Adjusted EBITDA for 2016, then all Performance Restricted Stock Units (whether or not Vested PRSUs) shall terminate immediately and be forfeited. The
calculation of Adjusted EBITDA is described in <U>Appendix B</U> hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>Filings</U>. The Recipient is responsible for any filings
required under Section&nbsp;16 of the Securities Exchange Act of 1934 and the rules thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>4. Termination of Employment. </B>If
the Recipient&#146;s employment with the Company or an Affiliate of the Company terminates prior to the third anniversary of the Grant Date, including because the Recipient&#146;s employer ceases to be an Affiliate, the right to the Performance
Restricted Stock Units and the Stock shall be as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Death</U>. If the Recipient dies, the Restricted Stock Units granted
hereunder will vest immediately and the person or persons to whom the Recipient&#146;s rights shall pass by will or the laws of descent and distribution shall be entitled to receive all of the Stock with respect thereto, subject to meeting the
performance test in Section&nbsp;3(d). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Long-Term Disability</U>. If the Company or an Affiliate of the Company terminates the
Recipient&#146;s employment for <FONT STYLE="white-space:nowrap">long-term</FONT> disability (within the meaning of Section&nbsp;409A of the Code), the Performance Restricted Stock Units granted hereunder will vest immediately and Recipient shall be
entitled to receive all of the Stock with respect thereto, subject to meeting the performance test in Section&nbsp;3(d). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>By the
Company For Cause or By the Recipient Without Good Reason</U>. If the Recipient ceases to be an employee of the Company or an Affiliate of the Company due to the Recipient&#146;s termination by the Company or such Affiliate For Cause or if the
Recipient resigns or otherwise terminates his employment without Good Reason, including by any Retirement that is not an Approved Retirement or the Recipient&#146;s voluntary departure, the Recipient&#146;s right to such Performance Restricted Stock
Units and the Stock granted hereunder shall be forfeited, no Stock shall be issued and the Restricted Stock Units shall be cancelled. The terms &#147;For Cause&#148;, &#147;Good Reason&#148;, &#147;Retirement&#148; and &#147;Approved
Retirement&#148; are defined below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>By the Company Other Than For Cause or By the Recipient for Good Reason</U>. If the Recipient
ceases to be an employee of the Company or an Affiliate of the Company due to the Recipient&#146;s termination by the Company or such Affiliate other than For Cause, by his resignation for Good Reason, or due to Recipient&#146;s employer ceasing to
be an Affiliate (in the absence of a Change of Control), then subject to meeting the performance test in Section&nbsp;3(d), the Employee shall be entitled to receive all the Performance Restricted Stock Units, as and when they become vested on the
applicable Vesting Date. Notwithstanding the foregoing, no Stock shall be issued and all of Recipient&#146;s rights to the Performance Restricted Stock Units and the Stock hereunder shall be forfeited, expire and terminate unless (i)&nbsp;the
Company shall have received a release of all claims from the Recipient in the form required pursuant to the Employment Agreement (&#147;<U>Release and Waiver</U>&#148;) (and said Release and Waiver shall have become irrevocable in accordance with
its terms) prior to the next applicable Vesting Date (or if earlier, the deadline established in the form of release delivered by the Company to Recipient for execution) and (ii)&nbsp;the Recipient shall have complied with the covenants set forth in
Section&nbsp;10 of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>Approved Retirement</U>. In the event of the Recipient&#146;s Retirement, the Committee may
consent to the continued vesting of a pro-rata portion of the Performance Restricted Stock Units on the remaining Vesting Dates (an &#147;<U>Approved Retirement</U>&#148;) and the balance shall be cancelled and no Stock issued therefor. For this
purpose, &#147;<U>pro-rata portion</U>&#148; means (i)&nbsp;the number of Performance Restricted Stock Units granted multiplied by the actual number of full calendar months that elapsed from the Grant Date to the date of such Approved Retirement and
then divided by 36 less (ii)&nbsp;the number of Performance Restricted Stock Units already vested. Notwithstanding the foregoing, no Stock shall be issued and all of Recipient&#146;s rights to the Performance Restricted Stock Units and Stock
hereunder shall be forfeited, expire and terminate unless (i)&nbsp;the Company shall have received a Release and Waiver from the Recipient (and said Release and Waiver shall have become irrevocable in accordance with its terms) prior to the next
applicable Vesting Date (or if earlier, the deadline established in the form of release delivered by the Company to Recipient for execution) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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and (ii)&nbsp;the Recipient shall have complied with the covenants set forth in Section&nbsp;10 of this Agreement. If the Committee shall for any reason decline to consent to continued vesting on
the Recipient&#146;s Retirement, then the provisions of subsection (c)&nbsp;above shall instead apply. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>Definitions</U>. As used in
this Agreement: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Change of Control</U>&#148; shall have the meaning set forth in the Plan, provided, that no event or
transaction shall constitute a Change of Control for purposes of this Agreement unless it also qualifies as a change of control for purposes of Section&nbsp;409A of the Code; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) &#147;<U>Employee</U>&#148;, &#147;<U>employment</U>&#148;, <U>&#147;termination of employment</U>&#148; and &#147;<U>cease to be
employed</U>,&#148; and other words or phrases of similar import, shall mean the continued provision of substantial services to the Company or any of its Affiliates (or the cessation or termination of such services) whether as an employee,
consultant or director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) &#147;<U>For Cause</U>&#148; shall have the meaning assigned to such term in the Employment Agreement;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) &#147;<U>Good Reason</U>&#148; shall have the meaning assigned to such term in the Employment Agreement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) &#147;<U>Retirement</U>&#148; shall have the meaning assigned to such term in the applicable retirement policy of the Company or its
Affiliates as in effect at such time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) <U>Payment</U>. In all cases, payment (i.e., issuance of the Stock) with respect to any Vested
PRSUs shall be made promptly and, in any event, within twenty (20)&nbsp;days following the later of (x)&nbsp;the applicable Vesting Date or the date of any accelerated vesting as described in Section&nbsp;4(a), Section&nbsp;4(b) or Section&nbsp;4(d)
above and (y)&nbsp;the determination of whether the performance goal in Section&nbsp;3(d) has been met. For this purpose, Performance Restricted Stock Units continuing to vest on account of (i)&nbsp;a termination of employment by the Company or its
Affiliates other than For Cause, (ii)&nbsp;Recipient&#146;s resignation for Good Reason, (iii)&nbsp;Recipient&#146;s employer ceasing to be an Affiliate (in the absence of a Change of Control) or (iv)&nbsp;an Approved Retirement, shall continue to
vest as provided above only if the Company has received the required Release and Waiver, but delivery of the Stock on or after the next applicable Vesting Date pursuant to this paragraph (g)&nbsp;shall not obviate the need to comply with the
covenants contained in Section&nbsp;10 until the Covenant Termination Date in order to retain the Stock then delivered. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>5. Change of
Control Provisions. </B>Pursuant to the Change of Control provisions of Section&nbsp;9 of the Plan and notwithstanding anything herein to the contrary if a Change of Control occurs, this Agreement shall remain in full force and effect in accordance
with its terms subject to the following. In the event of such Change of Control: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) if the Recipient&#146;s employment is terminated by
the Company or an Affiliate of the Company other than For Cause or if the Recipient resigns for Good Reason within twelve (12)&nbsp;months after the occurrence of a Change of Control, all of the Recipient&#146;s
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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Performance Restricted Stock Units shall immediately vest as of such date and Recipient shall be entitled to receive all of the Stock promptly and, in any event, within twenty (20)&nbsp;days
after the date of such termination of employment; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) if the Performance Restricted Stock Units are not assumed, converted or
replaced by a successor organization following such Change of Control, all of the Recipient&#146;s Performance Restricted Stock Units shall immediately vest as of such date and Recipient shall be entitled to receive all of the Stock promptly and, in
any event, within twenty (20)&nbsp;days after the date of the Change of Control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Company (or any successor organization) may
require the Recipient to enter into a restricted stock unit award agreement that replaces this Agreement and reflects the terms described above. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>6. Other Provisions.</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)
This Award of Performance Restricted Stock Units does not give the Recipient any right to continue to be employed by the Company or any of its Affiliates, or limit, in any way, the right of the Company or its Affiliates to terminate the
Recipient&#146;s employment, at any time, for any reason not specifically prohibited by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Company is not liable for the
non-issuance or non-transfer, nor for any delay in the issuance or transfer of any shares of Stock due to the Recipient upon the Vesting Date (or, if vesting of the Performance Restricted Stock Units is accelerated pursuant to Section&nbsp;4 or 5,
such earlier date) with respect to vested Performance Restricted Stock Units which results from the inability of the Company to obtain, from each regulatory body having jurisdiction, all requisite authority to issue or transfer shares of common
stock of the Company if counsel for the Company deems such authority necessary for the lawful issuance or transfer of any such shares. Acceptance of this Award constitutes the Recipient&#146;s agreement that the shares of Stock subsequently acquired
hereunder, if any, will not be sold or otherwise disposed of by the Recipient in violation of any applicable securities laws or regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Award, the Performance Restricted Stock Units and entitlement to the Stock are subject to this Agreement and Recipient&#146;s
acceptance hereof shall constitute the Recipient&#146;s agreement to any administrative regulations of the Committee of the Board. In the event of any inconsistency between this Agreement and the provisions of the Plan, the provisions of the Plan
shall prevail. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) All decisions of the Committee upon any questions arising under the Plan or under these terms and conditions shall be
conclusive and binding, including, without limitation, those decisions and determinations to adjust the Performance Restricted Stock Units made by the Committee pursuant to the authority granted under Section&nbsp;8.4(d) of the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Except as provided in Section&nbsp;6.4 of the Plan, no right hereunder related to the Award or these Performance Restricted Stock Units
and no rights hereunder to the underlying Stock shall be transferable (except by will or the laws of descent and distribution) until such time, if ever, that the Stock is earned and delivered. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>7. Incorporation of Plan Terms.</B> This Award is granted subject to all of the applicable
terms and provisions of the Plan, including but not limited to Section&nbsp;8 of the Plan, &#147;Adjustment Provisions&#148;, and the limitations on the Company&#146;s obligation to deliver Stock upon vesting set forth in Section&nbsp;10 of the
Plan, &#147;Settlement of Awards&#148;. Capitalized terms used but not defined herein shall have the meaning assigned under the Plan. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the provisions of the
Plan shall control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>8. Miscellaneous.</B> This Agreement shall be construed and enforced in accordance with the laws of the State of
Delaware, without regard to the conflict of laws principles thereof and shall be binding upon and inure to the benefit of any successor or assign of the Company and any executor, administrator, trustee, guardian, or other legal representative of the
Recipient. This Agreement may be executed in one or more counterparts all of which together shall constitute one instrument. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>9. Tax
Consequences</B>. <B></B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Company makes no representation or warranty as to the tax treatment of this Award, including upon the
issuance of the Stock or upon the Recipient&#146;s sale or other disposition of the Stock. The Recipient should rely on his own tax advisors for such advice. Notwithstanding the foregoing, the Recipient and the Company hereby acknowledge that both
the Recipient and the Company may be subject to certain obligations for tax withholdings, social security taxes and other applicable taxes associated with the vesting of the Restricted Stock Units or the Stock by the Recipient pursuant to this
Agreement. The Recipient hereby affirmatively consents to the transfer between his or her employer and the Company of any and all personal information necessary for the Company and his employer to comply with its obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) All amounts earned and paid pursuant to this Agreement are intended to be&nbsp;paid in compliance with, or&nbsp;on a basis&nbsp;exempt
from, Section&nbsp;409A of the Code.&nbsp;This Agreement, and all terms and conditions used herein, shall be interpreted and construed consistent with that intent.&nbsp;However, the Company does not warrant all such payments will be exempt from, or
paid in compliance with, Section&nbsp;409A.&nbsp;The Recipient bears the entire risk of any adverse federal, state or local tax consequences and penalty taxes which may result from payments made on a basis contrary to the provisions of
Section&nbsp;409A or comparable provisions of any applicable state or local income tax laws. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>10. Certain Remedies.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If at any time prior to the later of (y)&nbsp;the last day of the two (2)&nbsp;year period after termination of the Recipient&#146;s
employment with the Company and its Affiliates and (z)&nbsp;the Vesting Date (the later of such days being the &#147;<U>Covenant Termination Date</U>&#148;), any of the following occur: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) the Recipient unreasonably refuses to comply with lawful requests for cooperation made by the Company, its board of directors, or its
Affiliates; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) the Recipient accepts employment or a consulting or advisory engagement with (A)&nbsp;any Competitive Enterprise (as
defined in Section&nbsp;10(c)) of the Company or its Affiliates, or (B)&nbsp;any Significant Retailer (as defined in Section&nbsp;10(d)), or the Recipient otherwise engages in competition with the Company or its Affiliates; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) the Recipient acts against the interests of the Company and its Affiliates, including
recruiting or employing, or encouraging or assisting the Recipient&#146;s new employer to recruit or employ an employee of the Company or any Affiliate without the Company&#146;s written consent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) the Recipient fails to protect and safeguard while in his possession or control, or surrender to the Company upon termination of the
Recipient&#146;s employment with the Company or any Affiliate or such earlier time or times as the Company or its board of directors or any Affiliate may specify, all documents, records, tapes, disks and other media of every kind and description
relating to the business, present or otherwise, of the Company and its Affiliates and any copies, in whole or in part thereof, whether or not prepared by the Recipient; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) the Recipient solicits or encourages any person or enterprise with which the Recipient has had business-related contact, who has been a
customer of the Company or any of its Affiliates, to terminate its relationship with any of them; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) the Recipient takes any action or
makes any statement, written or oral, that disparages the business, products, services or management of Company or its Affiliates, or any of their respective directors, officers, agents, or employees, or the Recipient takes any action that is
intended to, or that does in fact, damage the business or reputation of the Company or its Affiliates, or the personal or business reputations of any of their respective directors, officers, agents, or employees, or that interferes with, impairs or
disrupts the normal operations of the Company or its Affiliates; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii) the Recipient breaches any confidentiality obligations the
Recipient has to the Company or an Affiliate, the Recipient fails to comply with the policies and procedures of the Company or its Affiliates for protecting confidential information, the Recipient uses confidential information of the Company or its
Affiliates for his own benefit or gain, or the Recipient discloses or otherwise misuses confidential information or materials of the Company or its Affiliates (except as required by applicable law); then </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(1) this Award shall terminate and be cancelled effective as of the date on which the Recipient entered into such activity, unless terminated
or cancelled sooner by operation of another term or condition of this Agreement or the Plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(2) any Stock acquired and held by the
Recipient pursuant to the Award during the Applicable Period (as defined below) may be repurchased by the Company at a purchase price of $0.01 per share; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(3) any after-tax proceeds realized by the Recipient from the sale of Stock acquired through the Award during the Applicable Period shall be
paid by the Recipient to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The term &#147;<U>Applicable Period</U>&#148; shall mean the period commencing on the later of
the date of this Agreement or the date which is one (1)&nbsp;year prior to the Recipient&#146;s termination of employment with the Company or any Affiliate and ending on the Covenant Termination Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The term &#147;<U>Competitive Enterprise</U>&#148; shall mean a business enterprise that
engages in, or owns or controls a significant interest in, any entity that engages in, the manufacture, sale or distribution of mattresses or pillows or other bedding products or other products competitive with the Company&#146;s products.
Competitive Enterprise shall include, but not be limited to, the entities set forth on <U>Appendix A</U> hereto, which may be amended by the Company from time to time upon notice to the Recipient. At any time the Recipient may request in writing
that the Company make a determination whether a particular enterprise is a Competitive Enterprise. Such determination will be made within fourteen (14)&nbsp;days after the receipt of sufficient information from the Recipient about the enterprise,
and the determination will be valid for a period of ninety (90)&nbsp;days from the date of determination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The term
&#147;<U>Significant Retailer</U>&#148; means those retailers identified in <U>Appendix&nbsp;A</U> hereto under the heading &#147;RETAILERS.&#148; The Recipient acknowledges that the Significant Retailers may now or in the future compete directly or
indirectly with the Company, and that, whether or not a Significant Retailer competes directly with the Company, the Recipient because of his knowledge of the industry and his knowledge of confidential information about the Company&#146;s commercial
relationships with many large retailers, including one or more of the Significant Retailers, could damage the Company&#146;s competitive position and business if he worked with a Significant Retailer in any of the capacities described above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>11. Right of Set Off</B>. By executing this Agreement, the Recipient consents to a deduction from any amounts the Company or any Affiliate
owes the Recipient from time to time, to the extent of the amounts the Recipient owes the Company under Section&nbsp;10 above, <U>provided</U> that this set-off right may not be applied against wages, salary or other amounts payable to the Recipient
to the extent that the exercise of such set-off right would violate any applicable law. If the Company does not recover by means of set-off the full amount the Recipient owes the Company, calculated as set forth above, the Recipient agrees to pay
immediately the unpaid balance to the Company upon the Company&#146;s demand. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>12. Nature of Remedies</B>.<B></B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The remedies set forth in Sections&nbsp;10 and 11 above are in addition to any remedies available to the Company and its Affiliates in any
non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Company shall be entitled to place a legend on any certificate evidencing any Stock acquired upon vesting of this Award referring to
the repurchase right set forth in Section&nbsp;10(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company&#146;s stock transfer agent in the event the Company believes that any event referred to in
Section&nbsp;10(a) has occurred or is reasonably likely to occur. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>13. Clawback Policy.</B> The Recipient acknowledges receipt of a
copy of the Company&#146;s Clawback Policy, and acknowledges and agrees that the shares of Stock issuable under this Agreement shall be subject to the Clawback Policy or any amended version thereof, and any other clawback policy approved by the
Company&#146;s Board of Directors. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Witness Whereof, the parties have executed this Matching Performance Restricted Stock Unit
Award Agreement as a sealed instrument as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD WIDTH="86%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TEMPUR SEALY INTERNATIONAL INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Frank Doyle</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Frank Doyle</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chairman of the Board of Directors</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>RECIPIENT</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Scott Thompson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Recipient signature</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Scott Thompson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name of Recipient</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Matching Performance Restricted Stock Unit Award Agreement</I>] </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><U>Appendix A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Competitive Enterprises of the Company and its Affiliates </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ace</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">AH Beard</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Auping</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ashley Sleep</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Boyd</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carpe Diem</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carpenter</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carolina Mattress</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Cauval Group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chaide&nbsp;&amp; Chaide</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Classic Sleep Products</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Comforpedic</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Comfort Solutions</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">COFEL group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">De Rucci</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Diamona</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Doremo Octaspring</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dorelan</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dunlopillo</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Duxiana</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Eastborne</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Eminflex</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Englander</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Flex Group of Companies</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Foamex</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">France Bed</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Future Foam</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Harrisons</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Hastens</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Hilding Anders Group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Hypnos</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">IBC</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">KayMed</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">King Koil</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Kingsdown</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Lady Americana</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Land and Sky</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Leggett&nbsp;&amp; Platt</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Lo Monaco</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Magniflex</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Metzler</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Myers</TD></TR>
</TABLE>

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<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Optimo</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ortobom</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Natura</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Natures Rest</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Park Place</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Permaflex</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Pikolin Group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Recticel Group</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Relyon</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Restonic</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Rosen</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Rowe</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sapsa Bedding</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Select Comfort</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Serta and any direct or indirect parent company</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Silentnight</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Simmons Company/Beautyrest and any direct or</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">indirect parent company</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sleepmaker</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Spring Air</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sterling</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Stobel</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Swiss Comfort</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Swiss Sense</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Therapedic</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RETAILERS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ashley</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Innovative Mattress Solutions</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Mattress Firm</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sleepy&#146;s</TD></TR>
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<TD VALIGN="top">Wayfair</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><U>Appendix B </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PERFORMANCE METRICS FOR THE AWARD </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>DETERMINATION OF FINAL AWARD </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <I>Target Based on Adjusted EBITDA</I>. Subject to Section&nbsp;4 of the Agreement, 100% of the Performance Restricted Stock Units shall
vest if the Company has positive Adjusted EBITDA (i.e. greater than $0) for the year ended December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Definitions and
Method of Calculating Performance Metrics</I>. Whether the Performance Metric has been met shall be determined pursuant to the following provisions and rules: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As used in this <U>Appendix B</U>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Adjusted EBITDA</U>&#148; means, for 2016 , the Company&#146;s &#147;Consolidated EBITDA&#148; for such period
determined in accordance with the New Credit Facility. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>New Credit Facility</U>&#148; means the Credit Agreement,
dated as of December&nbsp;12, 2012, among the Company, certain of its subsidiaries, and as in effect on the Grant Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Method of Calculation</U>. Adjusted EBITDA shall be determined by the Committee based on the definitions set forth above and
in accordance with generally accepted accounting principles (to the extent relevant) and derived from the Company&#146;s consolidated audited financial statements for the relevant fiscal year or period, and in each case subject to adjustment as set
forth in this Paragraph&nbsp;B. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Mandatory Adjustments</U>:&nbsp;The Compensation Committee shall be required to make
adjustments to the targets set forth in paragraph A above to exclude the effects of acquisitions or divestitures of businesses, or asset acquisitions or dispositions outside the ordinary course of business (including costs to restructure or
integrate the newly acquired business or assets); labor union actions; effects of changes in tax laws; effects of changes in accounting principles; costs associated with the financing, refinancing or prepayment of debt, or recapitalization or
similar event affecting the capital structure of the Company; or a merger, consolidation, acquisition of property or shares, separation, spin off, reorganization, stock rights offering, liquidation, or similar event affecting the Company or any of
its Subsidiaries. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.5 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TEMPUR SEALY INTERNATIONAL, INC</B>.<B> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2013 EQUITY INCENTIVE PLAN<U> </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>LONG-TERM INCENTIVE PLAN</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>2015 Performance Restricted Stock Unit Award Agreement </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Scott Thompson </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This 2015
Performance Restricted Stock Unit Award Agreement (this &#147;<U>Agreement</U>&#148;), dated as of September&nbsp;4, 2015, is between Tempur Sealy International, Inc., a corporation organized under the laws of the State of Delaware (the
&#147;<U>Company</U>&#148;), and the individual identified below (the &#147;<U>Grantee</U>&#148;). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Grantee:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Scott Thompson</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top">Number of Target Shares in Award:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">620,000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top">Date of Award:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">September 4, 2015</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top">Designated Periods:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The one (1) year period commencing January 1, 2017 and ending December 31, 2017 (the &#147;<U>First Designated
Period</U>&#148;)</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">The one (1) year period commencing January 1, 2018 and ending
December 31, 2018 (the &#147;<U>Second Designated Period</U>&#148;, and together with the First Designated Period, the &#147;<U>Designated Periods</U>&#148;)</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1. Award of Performance Restricted Stock Units</B>. Pursuant and subject to the Company&#146;s 2013 Equity
Incentive Plan, as amended (as the same may be amended from time to time, the &#147;<U>2013 EIP</U>&#148;) and the Company&#146;s 2013 Long-Term Incentive Plan as adopted in connection with the 2013 EIP (the &#147;<U>LTI Plan</U>&#148;), the Company
grants the Grantee an award (the &#147;<U>Award</U>&#148;) for 620,000 performance restricted stock units (the &#147;<U>PRSUs</U>&#148;), each constituting the right on the terms and conditions set forth herein to a share of the Company&#146;s
common stock, par value $0.01 per share (the &#147;<U>Target Shares</U>&#148;) (as defined in Section&nbsp;3 below). This Award is granted as of September&nbsp;4, 2015 (the &#147;<U>Grant Date</U>&#148;) and is intended to qualify as a Qualified
Performance-Based Award. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2. Rights of the PRSUs and Target Shares</B>. The Grantee will receive no dividend equivalent payments on the
PRSUs or with respect to the Target Shares. Unless and until a Final Award has been determined and the Grantee has received Target Shares in accordance with the terms and conditions described herein, the Grantee shall have none of the attributes of
ownership with respect to any Target Shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3. Determination of Final Award</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Target Shares ultimately issued by the Company pursuant to the Award shall be subject to the Company&#146;s achievement
(&#147;<U>Performance</U>&#148;) of the Performance Metrics for the Award and compliance with the provisions and rules set forth on <U>Appendix A</U> attached hereto (the &#147;<U>Performance Metrics</U>&#148;) and incorporated herein by this
reference. Any determination that Target Shares have been earned with respect to the First Designated Period or the Second Designated Period as described below is </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
sometimes referred to as the &#147;<U>Final Award</U>&#148; with respect to such Designated Period, and the Target Shares to be issued with respect to such Designated Period are sometimes
referred to as the &#147;<U>Shares</U>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) As provided in the LTI Plan, within sixty (60)&nbsp;days after the end of the First
Designated Period, the Compensation Committee of the Board of Directors (the &#147;<U>Committee</U>&#148;) shall determine and certify in writing (y)&nbsp;whether the Performance Metrics for the First Designated Period have been achieved and
(z)&nbsp;based on such Performance, whether or not 100% of the Target Shares will be issued to Grantee (with the date of such determination referred to as the &#147;<U>First Determination Date</U>&#148;). Not later than March&nbsp;15, 2018, if the
Company achieved the Performance Metrics for the First Designated Period, the Company shall issue all of the Target Shares, to Grantee, subject to Section&nbsp;7 of this Agreement relating to tax withholding (the date of such issuance being referred
to herein as the &#147;<U>First Settlement Date</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If the Company achieves the Performance Metrics for the First Designated
Period, then this paragraph (c)&nbsp;does not apply. If the Company does not achieve the Performance Metrics for the First Designated Period, then any right to 2/3 of the Target Shares (413,333 Target Shares) will be forfeited, but the Grantee will
still be entitled to earn 1/3 of the Target Shares (206,667 Target Shares) if the Performance Metrics for the Second Designated Period are met. As provided in the LTI Plan, within sixty (60)&nbsp;days after the end of the Second Designated Period,
the Committee shall determine and certify in writing (y)&nbsp;whether the Performance Metrics for the Second Designated Period have been achieved and (z)&nbsp;based on such Performance, whether or not 206,667 Target Shares will be issued to Grantee
(with the date of such determination referred to as the &#147;<U>Second Determination Date</U>&#148; and together with the First Determination as &#147;<U>Determination Dates</U>&#148;). No later than March&nbsp;15, 2019, if the Company did not meet
the Performance Metrics for the First Designated Period but met the Performance Metrics for the Second Designated Period, the Company shall issue 206,667 Shares to Grantee, subject to Section&nbsp;7 of this Agreement relating to tax withholding (the
date of such issuance being referred to herein as the &#147;<U>Second Settlement Date</U>&#148; and together with the First Settlement Date as &#147;<U>Settlement Dates</U>&#148;). If the Company does not achieve the Performance Metrics for the
Second Designated Period then all the remaining Target Shares will be forfeited, and this Agreement will terminate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>4</B>.
<B>Termination of Employment</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If the Grantee&#146;s employment with the Company and its Affiliates terminates before
December&nbsp;31, 2017 for any reason, including because the Grantee&#146;s employer ceases to be an Affiliate, the Grantee&#146;s rights to the Target Shares shall terminate immediately, no Shares shall be issued to Grantee and all of the
Grantee&#146;s rights to the Target Shares and any Final Award hereunder shall be forfeited. In addition, notwithstanding anything herein to the contrary, if the Grantee&#146;s employment terminates on or after December&nbsp;31, 2017 and prior to
the First Settlement Date, no Shares shall be issued with respect to the First Designated Period and all of the Grantee&#146;s rights to any Final Award and any Target Shares otherwise due shall be forfeited, expire and terminate unless (i)&nbsp;the
Company shall have received a release of all claims from Grantee in the form required by the Employment Agreement (&#147;<U>Release and Waiver</U>&#148;) (and said Release and Waiver shall have become irrevocable in accordance with its terms) prior
to the First Settlement Date (or, if earlier, the deadline established in the form of release delivered by the Company to the Grantee for execution); (ii)&nbsp;the Grantee has ensured that the Company has a valid address for Grantee on file as of
the end of the First Settlement Date; and (iii)&nbsp;the Grantee shall have complied with the covenants set forth in Section&nbsp;12 of this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If the Grantee&#146;s employment with the Company and its Affiliates terminates on or after
December&nbsp;31, 2017 but before December&nbsp;31, 2018 for any reason, including because the Grantee&#146;s employer ceases to be an Affiliate, the Grantee&#146;s rights to the Target Shares issuable with respect to the Second Designated Period
shall terminate immediately, no Shares shall be issued to Grantee and all of the Grantee&#146;s rights to the Target Shares and any Final Award hereunder with respect to the Second Designated Period shall be forfeited. In addition, notwithstanding
anything herein to the contrary, if the Grantee&#146;s employment terminates on or after December&nbsp;31, 2018 and prior to the Second Settlement Date, no Shares shall be issued with respect to the Second Designated Period and all of the
Grantee&#146;s rights to any Final Award and any Target Shares otherwise due shall be forfeited, expire and terminate unless (i)&nbsp;the Company shall have received a Release and Waiver from Grantee (and said Release and Waiver shall have become
irrevocable in accordance with its terms) prior to the Second Settlement Date (or, if earlier, the deadline established in the form of release delivered by the Company to the Grantee for execution); (ii)&nbsp;the Grantee has ensured that the Company
has a valid address for Grantee on file as of the end of the Second Settlement Date; and (iii)&nbsp;the Grantee shall have complied with the covenants set forth in Section&nbsp;12 of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Definitions</U>. For the purposes of this Agreement: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Change of Control</U>&#148; shall have the meaning set forth in the Plan, <U>provided</U>, that no event or transaction shall
constitute a Change of Control for purposes of this Agreement unless it also qualifies as a change of control for purposes of Section&nbsp;409A of the Code; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) &#147;<U>Employee</U>&#148;, &#147;<U>employment</U>&#148;, &#147;<U>termination of employment</U>&#148; and &#147;<U>cease to be
employed</U>&#148;, and other words or phrases of similar import, shall mean the continued provision of substantial services to the Company or any of its Affiliates (or the cessation or termination of such services) whether as an employee,
consultant or director; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) &#147;<U>Employment Agreement</U>&#148; shall mean the Employment Agreement, dated as of September&nbsp;4,
2015 between the Company and the Grantee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) &#147;<U>For Cause</U>&#148; shall have the meaning set forth in the Employment
Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) &#147;<U>Good Reason</U>&#148; shall have the meaning set forth in the Employment Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) &#147;<U>Retirement</U>&#148; shall have the meaning assigned to such term in the applicable retirement policy of the Company or its
Affiliates as in effect at such time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. <B>Change of Control Provisions</B>. Pursuant to Section&nbsp;9 of the 2013 EIP and subject to
paragraph (b)&nbsp;below, immediately upon the occurrence of a Change of Control, all of the PRSUs subject to this Award that have not already become payable pursuant to Section&nbsp;3(b) or Section&nbsp;3(c) and that not have already been forfeited
(&#147;<U>Outstanding Unvested PRSUs</U>&#148;) shall convert to time-based vesting restricted stock units (&#147;<U>RSUs</U>&#148;, with the shares of the Company&#146;s common stock issuable thereunder referred to as &#147;<U>RSU
Shares</U>&#148;), without any <FONT STYLE="white-space:nowrap">pro-ration,</FONT> as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) the Grantee shall be entitled to
receive RSUs equal to the number of Outstanding Unvested PRSUs in lieu of any claim to a Final Award. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) if the Change of Control occurs on or after December&nbsp;31, 2017 but before the
determination of whether the Performance Metrics for the First Designated Period have been met, (i)&nbsp;if the Performance Metrics for the First Designated Period are determined to have been met in accordance with Section&nbsp;3 and <U>Appendix
A</U>, the Outstanding Unvested PRSUs shall become payable in accordance with Section&nbsp;3(b) and no Outstanding Unvested PRSUs shall convert into RSUs as described above, and (ii)&nbsp;if it is determined that the Performance Metrics for the
First Designated Period were not met, then 2/3 (or 413,333) of such Outstanding Unvested PRSUs shall terminate and be forfeited as provided in Section&nbsp;3(c) and 1/3 (or 206,667) RSUs will be issued. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) if the Change of Control occurs on or after December&nbsp;31, 2018 but before the determination of whether the Performance Metrics for the
Second Designated Period have been met, (i)&nbsp;if the Performance Metrics for the Second Designated Period are determined to have been met in accordance with Section&nbsp;3 and <U>Appendix A</U>, the Outstanding Unvested PRSUs shall become payable
in accordance with Section&nbsp;3(c) and no Outstanding Unvested PRSUs shall convert into RSUs as described above, and (ii)&nbsp;if it is determined that the Performance Metrics for the Second Designated Period were not met, then all of such
Outstanding Unvested PRSUs shall terminate and be forfeited as provided in Section&nbsp;3(c) and no RSUs will be issued. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) None of the
RSUs issued to Grantee in connection with a Change of Control pursuant to this Section&nbsp;5 shall be immediately vested as of the date of such Change of Control (unless otherwise provided below). All of such RSUs shall vest on December&nbsp;31,
2018 (for purposes of this Section&nbsp;5, the &#147;<U>Vesting Date</U>&#148;), regardless of whether the Company has then achieved any of the Performance Metrics if the Grantee&#146;s employment with the Company and its Affiliates continues
through the period commencing on the date of the Change of Control and ending on the Vesting Date (the &#147;<U>Vesting Period</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) If the Grantee&#146;s employment with the Company and its Affiliates terminates during the Vesting Period, the right to the RSUs shall be
as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) If the Grantee&#146;s employment with the Company or its Affiliates is terminated by the Company For Cause or the
Grantee resigns without Good Reason, including by Retirement that is not an Approved Retirement or the Grantee&#146;s voluntary departure, the RSUs will terminate immediately, no RSU Shares shall be issued to Grantee and all of the Grantee&#146;s
rights to the RSUs and the RSU Shares hereunder shall be forfeited. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) If the Grantee&#146;s employment with the Company or its
Affiliates is terminated by the Company or an Affiliate other than For Cause, by the Grantee&#146;s resignation for Good Reason or by reason of Grantee&#146;s employer ceasing to be an Affiliate following a Change of Control at any time following
the Change of Control, then all of the RSUs shall vest immediately, and the Grantee shall be entitled to receive all of the RSU Shares he would have been entitled to receive on the Vesting Date with respect thereto. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) If the Grantee dies or the Company or an Affiliate of the Company terminates
Grantee&#146;s employment due to Grantee&#146;s long-term disability (within the meaning of Section&nbsp;409A of the Code), then all of the RSUs shall vest and the Grantee shall be entitled to receive all of the RSU Shares with respect thereto.
These Shares will be issued within sixty (60)&nbsp;days after the date of death or termination of employment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) In the event of
Grantee&#146;s Approved Retirement, then the number of RSUs that will vest and Shares issued in connection therewith shall be pro-rated downward based on the actual number of calendar days that elapsed from the date the Award was initially granted
under this Agreement to the date of such Approved Retirement, versus the total number of calendar days from September&nbsp;4, 2015 to December&nbsp;31, 2018; <U>provided</U>, <U>however</U>, that no RSU Shares shall be issued and all of the
Grantee&#146;s rights to the RSUs and any Shares otherwise due shall be forfeited, expire and terminate unless (i)&nbsp;the Company shall have received a Release and Waiver (and said Release and Waiver shall have become irrevocable in accordance
with its terms) prior to the 50th day following Grantee&#146;s termination of employment and (ii)&nbsp;the Grantee shall have complied with the covenants set forth in Section&nbsp;12 of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) In the event that, immediately following a Change of Control, a successor organization does not convert, replace or assume the RSUs, all
of the RSUs shall immediately vest and the Grantee shall be entitled to receive all of the RSU Shares represented thereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) In all
cases, any issuance of RSU Shares upon vesting of the RSUs in accordance with this Section&nbsp;5 shall be made promptly and, in any event, within twenty (20)&nbsp;days following the date such RSUs shall become vested. For this purpose, RSUs vesting
on account of (w)&nbsp;a termination by the Company other than For Cause, (x)&nbsp;resignation by the Grantee for Good Reason, (y)&nbsp;Grantee&#146;s employer ceasing to be an Affiliate following a Change of Control at any time following the Change
of Control, or (z)&nbsp;an Approved Retirement, shall be treated as vesting on the Company&#146;s receipt of the required Release and Waiver but delivery of the RSU Shares at that time shall not obviate the need to comply with the covenants
contained in Section&nbsp;12 until the Covenant Termination Date (as defined in Section&nbsp;12) in order to retain the RSU Shares then delivered. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) The Company (or any successor organization) may require the Grantee to enter into a restricted stock unit award agreement that replaces
this Agreement and reflects the terms described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>6. Settlement</B>. The Final Award shall be settled by the issuance of Shares
and not by payment of any cash, notwithstanding any provision of the 2013 EIP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>7. Withholding</B>. Pursuant to the 2013 EIP, the
Company shall have the right to require the recipient to remit to the Company an amount sufficient to satisfy federal, state, local or other withholding tax requirements if, when, and to the extent required by law (whether so required to secure for
the Company an otherwise available tax deduction or otherwise) attributable to any Final Award awarded under this Agreement, including without limitation, the award or lapsing of stock restrictions on such Final Award. The obligations of the Company
under this Agreement shall be conditional on satisfaction of all such withholding obligations and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
to the Grantee. However, in such cases Grantee may elect, subject to any reasonable administrative procedures for timely compliance established by the Committee, to satisfy an applicable
withholding requirement, in whole or in part, by having the Company withhold a portion of the Shares or RSU Shares to be issued under this Award to satisfy the Grantee&#146;s tax obligations. The Grantee may only elect to have Shares or RSU Shares
withheld having a Market Value on the date the tax is to be determined equal to the minimum statutory total withholding taxes arising upon the vesting of any Shares or RSU Shares. If the Grantee has not submitted an election on or before the
thirtieth (30)&nbsp;day prior to the applicable Determination Date, Grantee shall be deemed to have elected to have shares withheld from the Shares or RSU Shares to be issued under this award to satisfy the Grantee&#146;s tax obligation. All
elections shall be irrevocable, made in writing, signed by the Grantee, and shall be subject to any restrictions or limitations that the Committee deems appropriate. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>8. Other Provisions</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)
This Agreement does not give the Grantee any right to continue to be employed by the Company or any of its Affiliates, or limit, in any way, the right of the Company or any of its Affiliates to terminate the Grantee&#146;s employment, at any time,
for any reason not specifically prohibited by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Company is not liable for the non-issuance or non-transfer, nor for any delay
in the issuance or transfer of any Shares or RSU Shares due to the Grantee upon the applicable Settlement Date with respect to any Final Award which results from the inability of the Company to obtain, from each regulatory body having jurisdiction,
all requisite authority to issue or transfer shares of common stock of the Company if counsel for the Company deems such authority necessary for the lawful issuance or transfer of any such Shares or RSU Shares. Acceptance of this Award constitutes
the Grantee&#146;s agreement that the Shares or RSU Shares subsequently acquired hereunder, if any, will not be sold or otherwise disposed of by the Grantee in violation of any applicable securities laws or regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Final Award and entitlement to the Shares or RSU Shares are subject to this Agreement and Grantee&#146;s acceptance hereof shall
constitute the Grantee&#146;s agreement to any administrative regulations of the Committee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) All decisions of the Committee upon any
questions arising under the 2013 EIP and LTI Plan or under these terms and conditions shall be conclusive and binding, including, without limitation, those decisions and determinations to adjust the Award made by the Committee pursuant to the
authority granted under Section&nbsp;8 of the 2013 EIP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) No rights hereunder related to this Award or the Final Award shall be
transferable, voluntarily or otherwise and no rights hereunder related to the underlying Target Shares or RSU Shares shall be transferable until such time, if ever, that the Shares or RSU Shares are earned and delivered. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>9. Incorporation of 2013 EIP and LTI Plan Terms</B>. This Award is granted subject to all of the applicable terms and provisions of the 2013
EIP and the LTI Plan, including without limitation, the provisions of Section&nbsp;7.7(e) and Section&nbsp;8 of the 2013 EIP. Capitalized terms used but not defined herein shall have the meaning assigned under the 2013 EIP and the LTI Plan. In the
event of any conflict between the terms of this Agreement and the terms of the 2013 EIP and LTI Plan, the provisions of the 2013 EIP and LTI Plan shall control. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>10. Miscellaneous</B>. This Agreement shall be construed and enforced in accordance with the
laws of the State of Delaware, without regard to the conflict of laws principles thereof and shall be binding upon and inure to the benefit of any successor or assign of the Company and any executor, administrator, trustee, guardian, or other legal
representative of the Grantee. This Agreement may be executed in one or more counterparts all of which together shall constitute one instrument. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>11. Tax Consequences</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Company makes no representation or warranty as to the tax treatment of this Award or the Final Award, including upon the issuance of
the Shares or RSU Shares or upon the Grantee&#146;s sale or other disposition of the Shares or RSU Shares. The Grantee should rely on the Grantee&#146;s own tax advisors for such advice. Notwithstanding the foregoing, the Grantee and the Company
hereby acknowledge that both the Grantee and the Company may be subject to certain obligations for tax withholdings, social security taxes and other applicable taxes associated with the vesting of the PRSUs or the Shares by the Grantee pursuant to
this Agreement. The Grantee hereby affirmatively consents to the transfer between his or her employer and the Company of any and all personal information necessary for the Company and his employer to comply with its obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) All amounts earned and paid pursuant to this Agreement are intended to be paid in compliance with, or on a basis exempt from,
Section&nbsp;409A of the Code. This Agreement, and all terms and conditions used herein, shall be interpreted and construed consistent with that intent. However, the Company does not warrant all such payments will be exempt from, or paid in
compliance with, Section&nbsp;409A. The Grantee bears the entire risk of any adverse federal, state or local tax consequences and penalty taxes which may result from payments made on a basis contrary to the provisions of Section&nbsp;409A or
comparable provisions of any applicable state or local income tax laws. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>12. Certain Remedies</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If at any time prior to the last day of the two (2)&nbsp;year period after termination of the Grantee&#146;s employment with the Company
and its Affiliates (the &#147;<U>Covenant Termination Date</U>&#148;), any of the following occur: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) the Grantee unreasonably refuses
to comply with lawful requests for cooperation made by the Company, its Board, or its Affiliates; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) the Grantee accepts employment or
a consulting or advisory engagement with (A)&nbsp;any Competitive Enterprise (as defined in Section&nbsp;12(c)) of the Company or its Affiliates, or (B)&nbsp;any Significant Retailer (as defined in Section&nbsp;12(d)), or the Grantee otherwise
engages in competition with the Company or its Affiliates; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) the Grantee acts against the interests of the Company and its
Affiliates, including recruiting or employing, or encouraging or assisting the Grantee&#146;s new employer to recruit or employ an employee of the Company or any Affiliate without the Company&#146;s written consent; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) the Grantee fails to protect and safeguard while in the Grantee&#146;s possession or
control, or surrender to the Company upon termination of the Grantee&#146;s employment with the Company or any Affiliate or such earlier time or times as the Company or its board of directors or any Affiliate may specify, all documents, records,
tapes, disks and other media of every kind and description relating to the business, present or otherwise, of the Company and its Affiliates and any copies, in whole or in part thereof, whether or not prepared by the Grantee; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v) the Grantee solicits or encourages any person or enterprise with which the Grantee has had business-related contact, who has been a
customer of the Company or any of its Affiliates, to terminate its relationship with any of them; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi) the Grantee takes any action or
makes any statement, written or oral, that disparages the business, products, services or management of Company or its Affiliates, or any of their respective directors, officers, agents, or employees, or the Grantee takes any action that is intended
to, or that does in fact, damage the business or reputation of the Company or its Affiliates, or the personal or business reputations of any of their respective directors, officers, agents, or employees, or that interferes with, impairs or disrupts
the normal operations of the Company or its Affiliates; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii) the Grantee breaches any confidentiality obligations the Grantee has to
the Company or an Affiliate, the Grantee fails to comply with the policies and procedures of the Company or its Affiliates for protecting confidential information, the Grantee uses confidential information of the Company or its Affiliates for his
own benefit or gain, or the Grantee discloses or otherwise misuses confidential information or materials of the Company or its Affiliates (except as required by applicable law); then </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(1) this Award shall terminate and be cancelled effective as of the date on which the Grantee entered into such activity, unless terminated
or cancelled sooner by operation of another term or condition of this Agreement, the 2013 EIP or the LTI Plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(2) any Shares or RSU
Shares acquired and held by the Grantee pursuant to the Award during the Applicable Period (as defined below) may be repurchased by the Company at a purchase price of $0.01 per share; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(3) any after-tax proceeds realized by the Grantee from the sale of Shares or RSU Shares acquired through the Award during the Applicable
Period shall be paid by the Grantee to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The term &#147;<U>Applicable Period</U>&#148; shall mean the period commencing on
the later of the date of this Agreement or the date which is one (1)&nbsp;year prior to the Grantee&#146;s termination of employment with the Company or any Affiliate and ending on the Covenant Termination Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The term &#147;<U>Competitive Enterprise</U>&#148; shall mean a business enterprise that
engages in, or owns or controls a significant interest in, any entity that engages in, the manufacture, sale or distribution of mattresses or pillows or other bedding products or other products competitive with the Company&#146;s products.
Competitive Enterprise shall include, but not be limited to, the entities set forth on <U>Appendix B</U> hereto, which may be amended by the Company from time to time upon notice to the Grantee. At any time the Grantee may request in writing that
the Company make a determination whether a particular enterprise is a Competitive Enterprise. Such determination will be made within fourteen (14)&nbsp;days after the receipt of sufficient information from the Grantee about the enterprise, and the
determination will be valid for a period of ninety (90)&nbsp;days commencing on the date of determination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The term
&#147;<U>Significant</U> <U>Retailer</U>&#148; means those retailers identified in Appendix A under the heading &#147;RETAILERS.&#148; The Grantee acknowledges that the Significant Retailers may now or in the future compete directly or indirectly
with the Company, and that, whether or not a Significant Retailer competes directly with the Company, the Grantee because of his knowledge of the industry and his knowledge of confidential information about the Company&#146;s commercial
relationships with many large retailers, including one or more of the Significant Retailers, could damage the Company&#146;s competitive position and business if he worked with a Significant Retailer in any of the capacities described above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>13. Right of Set Off</B>. By executing this Agreement, the Grantee consents to a deduction from any amounts the Company or any Affiliate
owes the Grantee from time to time, to the extent of the amounts the Grantee owes the Company under Section&nbsp;12 above, <U>provided</U> that this set-off right may not be applied against wages, salary or other amounts payable to the Grantee to
the extent that the exercise of such set-off right would violate any applicable law. If the Company does not recover by means of set-off the full amount the Grantee owes the Company, calculated as set forth above, the Grantee agrees to pay
immediately the unpaid balance to the Company upon the Company&#146;s demand. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>14. Nature of Remedies</B>.<B></B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The remedies set forth in Sections 12 and 13 above are in addition to any remedies available to the Company and its Affiliates in any
non-competition, employment, confidentiality or other agreement, and all such rights are cumulative. The exercise of any rights hereunder or under any such other agreement shall not constitute an election of remedies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Company shall be entitled to place a legend on any certificate evidencing any Shares acquired upon vesting of this Award referring to
the repurchase right set forth in Section&nbsp;12(a) above. The Company shall also be entitled to issue stop transfer instructions to the Company&#146;s stock transfer agent in the event the Company believes that any event referred to in
Section&nbsp;12(a) has occurred or is reasonably likely to occur. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>15. Clawback Policy.</B> The Grantee acknowledges receipt of a copy
of the Company&#146;s Clawback Policy, and acknowledges and agrees that all Shares issued under this Agreement will be subject to the Clawback Policy or any amended version thereof and any other clawback policy adopted by the Board of Directors of
the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[Remainder of page intentionally left blank] </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Witness Whereof, the parties have executed this 2015 Performance Restricted Stock Unit Award
Agreement as a sealed instrument as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TEMPUR SEALY INTERNATIONAL, INC</B>.<B></B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Frank Doyle</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Frank Doyle</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chairman of the Board of Directors</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>GRANTEE</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Scott Thompson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Grantee signature</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Scott Thompson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name of Grantee</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I></I>[<I>Signature Page
to 2015 Performance Restricted Stock Unit Award Agreement</I>]<I> </I></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><U>Appendix A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PERFORMANCE METRICS FOR THE AWARD<U> </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>DETERMINATION OF FINAL AWARDS</U> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A.
<I>Target Based on Adjusted EBITDA</I>. Subject to Section&nbsp;4 of the Agreement, 100% of the Target Shares (620,000 Shares) shall vest if Adjusted EBITDA for the First Designated Period is greater than $650 million. Subject to Section&nbsp;4 of
the Agreement, 33% of the Target Shares (or 206,667 shares) shall vest if (i)&nbsp;no Target Shares vested for the First Designated Period and (ii)&nbsp;Adjusted EBITDA for the Second Designated Period is greater than $650 million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">B. <I>Definitions and Method of Calculating Performance Metrics</I>. The Final Award for the applicable Designated Period shall be determined pursuant to the
following provisions and rules: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">As used in this <U>Appendix A</U>: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(A)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Adjusted EBITDA</U>&#148; means, for the Designated Period, the Company&#146;s &#147;Consolidated EBITDA&#148; for such period determined in accordance with the New Credit Facility. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(B)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>New Credit Facility</U>&#148; means the Credit Agreement, dated as of December&nbsp;12, 2012, among the Company, certain of its subsidiaries, and as in effect on the Grant Date. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"><U>Method of Calculation</U>. Adjusted EBITDA shall be determined by the Committee based on the definitions set forth above and in accordance with generally accepted accounting principles (to the extent relevant) and
derived from the Company&#146;s consolidated audited financial statements for the relevant fiscal year or period, and in each case subject to adjustment as set forth in this paragraph B. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"><U>Mandatory Adjustments</U>:&nbsp;The Compensation Committee shall be required to make adjustments to the targets set forth in paragraph A above to exclude: the effects of acquisitions or divestitures of businesses, or
asset acquisitions or dispositions outside the ordinary course of business (in each case including costs to restructure or integrate the newly acquired business or assets); labor union actions; effects of changes in tax laws; effects of changes in
accounting principles; costs associated with the financing, refinancing or prepayment of debt, or recapitalization or similar event affecting the capital structure of the Company; or a merger, consolidation, acquisition of property or shares,
separation, spin off, reorganization, stock rights offering, liquidation, or similar event affecting the Company or any of its Subsidiaries. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">App. A </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><U>Appendix B </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Competitive Enterprises of the Company and its Affiliates </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ace</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">AH Beard</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Auping</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ashley Sleep</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Boyd</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Carpe Diem</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Carpenter</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Carolina Mattress</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cauval Group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Chaide&nbsp;&amp; Chaide</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Classic Sleep Products</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Comforpedic</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Comfort Solutions</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">COFEL group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">De Rucci</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Diamona</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Doremo Octaspring</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dorelan</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dunlopillo</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Duxiana</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Eastborne</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Eminflex</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Englander</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Flex Group of Companies</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foamex</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">France Bed</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Future Foam</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Harrisons</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hastens</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hilding Anders Group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hypnos</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">IBC</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">KayMed</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">King Koil</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kingsdown</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lady Americana</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Land and Sky</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Leggett&nbsp;&amp; Platt</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lo Monaco</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Magniflex</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Metzler</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">App. B </P>


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<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Myers</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Optimo</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ortobom</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Natura</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Natures Rest</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Park Place</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Permaflex</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Pikolin Group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Recticel Group</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Relyon</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restonic</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rosen</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rowe</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sapsa Bedding</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Select Comfort</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Serta and any direct or indirect parent company</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Silentnight</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Simmons Company/Beautyrest and any direct or indirect parent company</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sleepmaker</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spring Air</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sterling</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stobel</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Swiss Comfort</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Swiss Sense</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Therapedic</P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RETAILERS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ashley</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Innovative Mattress Solutions</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mattress Firm</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sleepy&#146;s</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Wayfair</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">App. B </P>

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<DESCRIPTION>EX-10.6
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.6 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Subscription Agreement </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THE SECURITIES
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE OR ANY OTHER JURISDICTION. THERE ARE FURTHER RESTRICTIONS ON THE TRANSFERABILITY OF THE SECURITIES DESCRIBED HEREIN. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THE PURCHASE OF THE SECURITIES INVOLVES A HIGH DEGREE OF RISK AND SHOULD BE CONSIDERED ONLY BY PERSONS WHO CAN BEAR THE RISK OF THE LOSS OF THEIR ENTIRE
INVESTMENT. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tempur Sealy International, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1000 Tempur
Way </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lexington, KY 40511 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to an Employment Agreement, dated the date hereof, between Tempur Sealy International, Inc., a corporation organized under the laws of Delaware (the
&#147;<B>Company</B>&#148;), and the undersigned (the &#147;<B>Employment Agreement</B>&#148;), the undersigned is entering into this subscription agreement (this &#147;<B>Subscription Agreement</B>&#148;) in order to purchase shares of the
Company&#146;s Common Stock, par value $.01 per share (the &#147;<B>Common Stock</B>&#148;). The undersigned further understands that the offering is being made without registration of the Common Stock under the Securities Act of 1933, as amended
(the &#147;<B>Securities Act</B>&#148;), or any securities law of any state of the United States or of any other jurisdiction, and is being made to the undersigned based on his status as an &#147;accredited investor&#148; (as defined in Rule 501 of
Regulation D under the Securities Act). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <U>Subscription</U>. Subject to the terms and conditions hereof, the undersigned hereby agrees to purchase,
and the Company hereby agrees to sell, 69,686 shares of Common Stock (the &#147;<B>Purchased Shares</B>&#148;) at a price per share of $71.75 (which represents the closing price of the Common Stock on the New York Stock Exchange
(&#147;<B>NYSE</B>&#148;) on September&nbsp;4, 2015) for a total purchase price of $4,999,970.50 (the &#147;<B>Purchase Price</B>&#148;). The undersigned acknowledges that the Purchased Shares will be subject to restrictions on transfer as set forth
in this Subscription Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything in this Subscription Agreement to the contrary, the Company shall have no
obligation to issue any of the Purchased Shares if the issuance of Purchased Shares to the undersigned would constitute a violation of the securities, &#147;blue sky&#148; or other similar laws of the State of Oklahoma or any other jurisdiction
applicable to the transactions contemplated by this Subscription Agreement (collectively referred to as the &#147;<B>State Securities Laws</B>&#148;). </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2. <U>The Closing</U>. The closing of the purchase and sale of the Purchased Shares (the
&#147;<B>Closing</B>&#148;) shall take place on the second business day after any acquired additional listing application with the NYSE is approved. The Closing will take place at the offices of the Company in Lexington, Kentucky. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3. <U>Payment for Purchased Shares</U>. Payment for the Purchased Shares shall be received by the Company from the undersigned by wire transfer of immediately
available funds or other means approved by the Company at or prior to the Closing, in the amount of the Purchase Price. The Company shall deliver certificates representing the Purchased Shares to the undersigned at the Closing bearing an appropriate
legend referring to the fact that the Purchased Shares were sold in reliance upon an exemption from registration under the Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.
<U>Representations and Warranties of the Company</U>. The Company represents and warrants that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The Company is duly formed and
validly existing under the laws of Delaware, with full power and authority to conduct its business as it is currently being conducted and to own its assets; and has secured any other authorizations, approvals, permits and orders required by law for
the conduct by the Company of its business as it is currently being conducted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The Purchased Shares have been duly authorized and,
when issued, delivered and paid for in the manner set forth in this Subscription Agreement, will be validly issued, fully paid and nonassessable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.
<U>Representations and Warranties of the Undersigned</U>. The undersigned hereby represents and warrants to and covenants with the Company that: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"><B>General</B>. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) The undersigned has all requisite authority and the capacity to purchase
the Purchased Shares, enter into this Subscription Agreement and to perform all the obligations required to be performed by the undersigned hereunder, and such purchase will not contravene any law, rule or regulation binding on the undersigned or
any investment guideline or restriction applicable to the undersigned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) The undersigned is a resident of the state set forth on the
signature page hereto and is not acquiring the Purchased Shares as a nominee or agent or otherwise for any other person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) The
undersigned will comply with all applicable laws and regulations in effect in any jurisdiction in which the undersigned purchases or sells in the case of an individual, and obtain any consent, approval or permission required for such purchases or
sales under the laws and regulations of any jurisdiction to which the undersigned is subject or in which the undersigned makes such purchases or sales, and the Company shall have no responsibility therefor. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"><B>Information Concerning the Company</B>.<B></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) The undersigned has not been furnished
any offering literature and has relied only his own review of the Company&#146;s publicly available information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) The undersigned
understands and accepts that the purchase of the Purchased Shares involves various risks, including the risks outlined in Company&#146;s filings with the Securities and Exchange Commission (&#147;<B>SEC</B>&#148;) and in this Subscription Agreement.
The undersigned represents that he is able to bear any loss associated with an investment in the Purchased Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) The undersigned
confirms that he is not relying on any communication (written or oral) of the Company or any of its affiliates, as investment advice or as a recommendation to purchase the Purchased Shares. It is understood that information and explanations related
to the terms and conditions of the Purchased Shares provided in this Subscription Agreement or otherwise by the Company or any of its affiliates shall not be considered investment advice or a recommendation to purchase the Purchased Shares, and that
neither the Company nor any of its affiliates is acting or has acted as an advisor to the undersigned in deciding to invest in the Purchased Shares. The undersigned acknowledges that neither the Company nor any of its affiliates has made any
representation regarding the proper characterization of the Purchased Shares for purposes of determining the undersigned&#146;s authority to invest in the Purchased Shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) The undersigned is familiar with the business and financial condition and operations of the Company, all as generally described in the
Company&#146;s SEC filings. The undersigned has had access to such information concerning the Company and the Purchased Shares as he deems necessary to enable him to make an informed investment decision concerning the purchase of the Purchased
Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) The undersigned understands that, unless the undersigned notifies the Company in writing to the contrary at or before the
Closing, each of the undersigned&#146;s representations and warranties contained in this Subscription Agreement will be deemed to have been reaffirmed and confirmed as of the Closing, taking into account all information received by the undersigned.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) The undersigned understands that no federal or state agency has passed upon the merits or risks of an investment in the Purchased
Shares or made any finding or determination concerning the fairness or advisability of this investment. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"><B>Non-reliance</B>. <B></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) The undersigned represents that he is not relying on (and
will not at any time rely on) any communication (written or oral) of the Company, as investment advice or as a recommendation to purchase the Purchased Shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) The undersigned confirms that the Company has not (A)&nbsp;given any guarantee or
representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Purchased Shares or (B)&nbsp;made any representation to the undersigned regarding the
legality of an investment in the Purchased Shares under applicable legal investment or similar laws or regulations. In deciding to purchase the Purchased Shares, the undersigned is not relying on the advice or recommendations of the Company and the
undersigned has made his own independent decision that the investment in the Purchased Shares is suitable and appropriate for the undersigned. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"><B>Status of Undersigned</B>.<B> </B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) The undersigned has such knowledge, skill and
experience in business, financial and investment matters that the undersigned is capable of evaluating the merits and risks of an investment in the Purchased Shares. With the assistance of the undersigned&#146;s own professional advisors, to the
extent that the undersigned has deemed appropriate, the undersigned has made his own legal, tax, accounting and financial evaluation of the merits and risks of an investment in the Purchased Shares and the consequences of this Subscription
Agreement. The undersigned has considered the suitability of the Purchased Shares as an investment in light of his own circumstances and financial condition and the undersigned is able to bear the risks associated with an investment in the Purchased
Shares and his authority to invest in the Purchased Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) The undersigned is an &#147;accredited investor&#148; as defined in Rule
501(a) under the Securities Act. The undersigned agrees to furnish any additional information requested by the Company or any of its affiliates to assure compliance with applicable U.S. federal and state securities laws in connection with the
purchase and sale of the Purchased Shares. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"><B>Restrictions on Transfer or Sale of Purchased Shares</B>. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) The undersigned is acquiring
the Purchased Shares solely for the undersigned&#146;s own beneficial account, for investment purposes, and not with a view to, or for resale in connection with, any distribution of the Purchased Shares. The undersigned understands that the
Purchased Shares have not been registered under the Securities Act or any State Securities Laws by reason of specific exemptions under the provisions thereof which depend in part upon the investment intent of the undersigned and of the other
representations made by the undersigned in this Subscription Agreement. The undersigned understands that the Company is relying upon the representations and agreements contained in this Subscription Agreement (and any supplemental information) for
the purpose of determining whether this transaction meets the requirements for such exemptions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) The undersigned understands that the
Purchased Shares are &#147;restricted securities&#148; under applicable federal securities laws and that the Securities Act and the rules of the SEC provide in substance that the undersigned may dispose of the Purchased Shares only pursuant to an
effective registration statement under the Securities Act or an exemption therefrom, and the undersigned </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
understands that the Company has no obligation or intention to register any of the Purchased Shares, or to take action so as to permit sales pursuant to the Securities Act (including Rule 144
thereunder). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) The undersigned agrees: (A)&nbsp;that the undersigned will not sell, assign, pledge, give, transfer or otherwise
dispose of the Purchased Shares or any interest therein, or make any offer or attempt to do any of the foregoing, except pursuant to a registration of the Purchased Shares under the Securities Act and all applicable State Securities Laws, or in a
transaction which is exempt from the registration provisions of the Securities Act and all applicable State Securities Laws; (B)&nbsp;that the certificates representing the Purchased Shares will bear a legend making reference to the foregoing
restrictions; and (C)&nbsp;that the Company and its affiliates shall not be required to give effect to any purported transfer of such Purchased Shares except upon compliance with the foregoing restrictions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6. <U>Conditions to Obligations of the Undersigned and the Company</U>. The obligations of the undersigned to purchase and pay for the Purchased Shares and of
the Company to sell the Purchased Shares are subject to the satisfaction at or prior to the Closing of the following conditions precedent: (i)&nbsp;the representations and warranties of the Company contained in <B>Section&nbsp;4</B> hereof and of
the undersigned contained in <B>Section&nbsp;5</B> hereof shall be true and correct as of the Closing in all respects with the same effect as though such representations and warranties had been made as of the Closing and (ii)&nbsp;any required
listing application with the NYSE shall have been approved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7. <U>Obligations Irrevocable</U>. The obligations of the undersigned and the Company shall
be irrevocable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">8. <U>Legend</U>. The certificates representing the Purchased Shares will be imprinted with a legend in substantially the following form:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
&#147;SECURITIES ACT&#148;), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. THE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1)&nbsp;PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR
(2)&nbsp;PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND THE SECURITIES LAWS OF OTHER JURISDICTIONS, AND IN THE CASE OF A TRANSACTION EXEMPT FROM
REGISTRATION, UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT AND SUCH OTHER APPLICABLE LAWS.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9. <U>Waiver, Amendment</U>. Neither this Subscription Agreement nor any provisions hereof shall be modified,
changed, discharged or terminated except by an instrument in writing, signed by the party against whom any waiver, change, discharge or termination is sought. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">10. <U>Assignability</U>. Neither this Subscription Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be
assignable by either the Company or the undersigned without the prior written consent of the other party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11. <U>Waiver of Jury Trial</U>. THE
UNDERSIGNED IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS SUBSCRIPTION AGREEMENT. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12. <U>Submission to Jurisdiction</U>. With respect to any suit, action or proceeding relating to any offers, purchases or sales of the Purchased Shares by
the undersigned (&#147;<B>Proceedings</B>&#148;), the undersigned irrevocably submits to the exclusive jurisdiction of the federal or state courts located in the Commonwealth of Kentucky, which submission shall be exclusive unless none of such
courts has lawful jurisdiction over such Proceedings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">13. <U>Governing Law</U>. This Subscription Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">14. <U>Section and Other Headings</U>. The section and other headings contained in this Subscription
Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Subscription Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">15. <U>Counterparts</U>.
This Subscription Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">16. <U>Notices</U>. All notices and other communications provided for herein shall be in writing and shall be deemed to have been duly given if delivered
personally or sent by registered or certified mail, return receipt requested, postage prepaid to the following addresses (or such other address as either party shall have specified by notice in writing to the other): </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="63%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">If to the Company:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tempur Sealy International, Inc.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1000 Tempur Way</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Lexington, KY 40511</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Facsimile:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">859-455-2807</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">E-mail: lou.jones@tempursealy.com</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Attention:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Lou Jones, Executive Vice President and General Counsel</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="63%"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">with a copy to:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Morgan, Lewis &amp; Bockius, LLP</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">One Federal Street</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Boston, MA 02110</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Facsimile: 617-341-7701</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">E-mail: john.utzschnieder@morganlewis.com</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Attention: John R.
Utzschneider</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">If to the Purchaser:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">At the current address for his principal residence and email on the Company&#146;s books</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">with a copy to:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cleary Gottlieb Steen &amp; Hamilton LLP</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">One Liberty Plaza</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">New York, NY 10006</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Facsimile:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">212-225-3999</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">E-mail: akohn@cgsh.com</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Attention:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Arthur Kohn</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">17. <U>Binding Effect</U>. The provisions of this Subscription Agreement shall be binding upon and accrue to the benefit of
the parties hereto and their respective heirs, legal representatives, successors and assigns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">18. <U>Survival</U>. All representations, warranties and
covenants contained in this Subscription Agreement shall survive (i)&nbsp;the acceptance of the subscription by the Company and the Closing, (ii)&nbsp;changes in the transactions, documents and instruments described in the Offering Documents which
are not material or which are to the benefit of the undersigned and (iii)&nbsp;the death or disability of the undersigned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">19. <U>Notification of
Changes</U>. The undersigned hereby covenants and agrees to notify the Company upon the occurrence of any event prior to the closing of the purchase of the Purchased Shares pursuant to this Subscription Agreement which would cause any
representation, warranty, or covenant of the undersigned contained in this Subscription Agreement to be false or incorrect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">20. <U>Severability</U>. If
any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable
such term or provision in any other jurisdiction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[SIGNATURE PAGE FOLLOWS] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned has executed this Subscription Agreement this 4th day of September, 2015.
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Scott Thompson</P></TD></TR>
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<TD VALIGN="top">Name:</TD>
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<TD VALIGN="bottom">Scott Thompson</TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Oklahoma</P></TD></TR>
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<TD VALIGN="top" COLSPAN="3">TEMPUR SEALY INTERNATIONAL, INC.</TD></TR>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Frank Doyle</P></TD></TR>
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<TD VALIGN="top">Name:</TD>
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<TD VALIGN="bottom">Frank Doyle</TD></TR>
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<TD VALIGN="top">Title:</TD>
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<TD VALIGN="bottom">Chairman of the Board of Directors</TD></TR>
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Subscription Agreement</I>] </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCOTT L. THOMPSON NAMED CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF TEMPUR SEALY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>LEXINGTON, KY, September&nbsp;8, 2015</B> &#150; Tempur Sealy International, Inc. (NYSE: TPX) (&#147;Tempur Sealy&#148; or the &#147;Company&#148;), the
world&#146;s largest bedding provider, today announced that its Board of Directors has named Scott L. Thompson as the Company&#146;s next Chairman, President and Chief Executive Officer, effective immediately. Mr.&nbsp;Thompson&#146;s appointment
follows an extensive search conducted by the Tempur Sealy Board and was overseen by the Board&#146;s CEO Search Committee. <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Thompson has
more than two decades of executive leadership experience, most recently as Chairman, President and Chief Executive Officer of Dollar Thrifty Automotive Group, Inc. (&#147;Dollar Thrifty&#148;). Under Mr.&nbsp;Thompson&#146;s leadership, Dollar
Thrifty achieved best-in-class operating margins and earnings growth resulting in significant returns for shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;After a comprehensive
search process, the Board is very pleased to name a talented and highly qualified individual of Scott&#146;s caliber to lead Tempur Sealy,&#148; said Frank Doyle, Chairman of the Board. &#147;Scott is a world-class operator with a history of
strategic focus and enhancing high-performance teams. We are confident that his expertise in these key areas will add significant value to Tempur Sealy.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Usman Nabi, Chairman of the CEO Search Committee, commented, &#147;Scott is an exceptional CEO with an outstanding track record of shareholder value creation.
As Chairman and CEO of Dollar Thrifty, Scott created a corporate culture dedicated to consistently delivering profitable growth and achieving stretch targets. Tempur Sealy shareholders will benefit from his leadership.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the appointment of Mr.&nbsp;Thompson, current Chairman Frank A. Doyle will assume the role of Lead Director, and interim CEO W. Timothy
Yaggi will continue in his role of Chief Operating Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Doyle added, &#147;I would also like to acknowledge Tim Yaggi&#146;s tremendous
leadership during this process. Under his leadership, the organization continued to develop and progress towards our collective goals.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Tempur
Sealy is an outstanding company with iconic global brands and a talented and dedicated team,&#148; said Mr.&nbsp;Thompson, &#147;I am honored by the Board&#146;s confidence in me as the next leader of this great company and I look forward to working
with Tim and the entire management team to build upon Tempur Sealy&#146;s strategy and drive profitable long-term growth for the benefit of all our stakeholders.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ABOUT SCOTT THOMPSON </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Scott Thompson previously served as
Chairman, Chief Executive Officer and President of Dollar Thrifty Automotive Group, Inc. until it was purchased by Hertz Global Holdings, Inc. in 2012. Prior to serving as CEO and President, Mr.&nbsp;Thompson was a Senior Executive Vice President
and Chief Financial Officer of Dollar Thrifty. Prior to joining Dollar Thrifty, Mr.&nbsp;Thompson was a consultant to private equity firms, and was a founder of Group 1 Automotive, Inc., a NYSE and Fortune 500 company, serving as its Senior
Executive Vice President, Chief Financial Officer and Treasurer. Mr.&nbsp;Thompson served as Executive Vice </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Page </B><B>2</B><B> of </B><B>3</B> </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
President of Operations and Finance at KSA Industries, a privately-held company with $1 billion in revenues. Mr.&nbsp;Thompson presently serves as a member of the Board of Directors for Asbury
Automotive Group, Inc., Houston Wire and Cable Co. and Conn&#146;s, Inc. Mr.&nbsp;Thompson earned a Bachelor of Business Administration degree from Stephen F. Austin State University in Nacogdoches, Texas, and began his career with a national
accounting firm. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ABOUT TEMPUR SEALY </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tempur Sealy
International, Inc. (NYSE: TPX) is the world&#146;s largest bedding provider. Tempur Sealy International, Inc. develops, manufactures and markets mattresses, foundations, pillows and other products. The Company&#146;s brand portfolio includes many
of the most highly recognized brands in the industry, including Tempur<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Tempur-Pedic<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Sealy<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Sealy Posturepedic<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Optimum&#153; and Stearns&nbsp;&amp; Foster<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>. World
headquarters for Tempur Sealy International, Inc. is in Lexington, KY. For more information, visit <U>http://www.tempursealy.com</U> or call 800-805-3635. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CONTACTS </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:72.55pt; font-size:10pt; font-family:Times New Roman">Company Contact</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-bottom:1.00pt solid #000000; width:59.25pt; font-size:10pt; font-family:Times New Roman">Media Contact</P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Mark Rupe</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">James Golden / Nick Lamplough</TD></TR>
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<TD VALIGN="top">Vice President, Investor Relations, Tempur Sealy</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Joele Frank, Wilkinson Brimmer Katcher</TD></TR>
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<TD VALIGN="top">800-805-3635</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">212-355-4449</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><U>Investor.relations@tempursealy.com</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FORWARD-LOOKING STATEMENTS </B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-right:2%; font-size:10pt; font-family:Times New Roman">This press release contains &#147;forward-looking statements,&#148; within the meaning of the federal securities laws, which include
information concerning one or more of the Company&#146;s plans, objectives, goals, strategies, and other information that is not historical information. When used in this press release, the words, &#147;assumes,&#148; &#147;estimates,&#148;
&#147;expects,&#148; &#147;guidance,&#148; &#147;anticipates,&#148; &#147;projects,&#148; &#147;plans,&#148; &#147;proposed,&#148; &#147;intends,&#148; &#147;believes,&#148; and variations of such words or similar expressions are intended to
identify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the Company&#146;s expectations regarding the Company&#146;s leadership transition, and the creation of value and other
benefits for stakeholders. All forward looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Numerous factors, many of which are beyond the Company&#146;s control, could cause actual results to differ materially from those expressed as
forward-looking statements. These risk factors include risks associated with the Company&#146;s capital structure and increased debt level; the ability to successfully integrate Sealy Corporation into the Company&#146;s operations and realize cost
synergies and other benefits from the transaction; whether the Company will realize the anticipated benefits from its asset dispositions in 2014 and the acquisition of brand rights in certain international markets in 2014; general economic,
financial and industry conditions, particularly in the retail sector, as well as consumer confidence and the availability of consumer financing; changes in product and channel mix and the impact on the Company&#146;s gross margin; changes in
interest rates; the impact of the macroeconomic environment in both the U.S. and internationally on the Company&#146;s business segments; uncertainties arising from global events; the effects of </P>

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changes in foreign exchange rates on the Company&#146;s reported earnings; consumer acceptance of the Company&#146;s products; industry competition; the efficiency and effectiveness of the
Company&#146;s advertising campaigns and other marketing programs; the Company&#146;s ability to increase sales productivity within existing retail accounts and to further penetrate the Company&#146;s retail channel, including the timing of opening
or expanding within large retail accounts and the timing and success of product launches; the effects of consolidation of retailers on revenues and costs; the Company&#146;s ability to expand brand awareness, distribution and new products; the
Company&#146;s ability to continuously improve and expand its product line, maintain efficient, timely and cost-effective production and delivery of its products, and manage its growth; the effects of strategic investments on the Company&#146;s
operations; changes in foreign tax rates and changes in tax laws generally, including the ability to utilize tax loss carry forwards; the outcome of various pending tax audits or other tax, regulatory or litigation proceedings; changing commodity
costs; the effect of future legislative or regulatory changes; and disruptions to the implementation of the Company&#146;s strategic priorities and business plan caused by abrupt changes in the Company&#146;s senior management team and Board of
Directors. </P>
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